7 Tex. Admin. Code § 17.2 - Advertising

(a) An advertisement published by or on behalf of a trust company may not include the following:

(1) a guaranteed rate of return or interest rate on funds deposited in trust;

(2) a statement that tends to deceive or mislead the public; or

(3) a term that may deceive the public into belief that the trust company is engaged in the banking business.

(b) Advertisements published by or on behalf of a trust company must be retained in the trust company's records for examination by department personnel.

(c) A trust company that violates this section is subject to an enforcement action initiated by the banking commissioner under Finance Code, §§ 185.001, et seq.

Notes

7 Tex. Admin. Code § 17.2

The provisions of this §17.2 adopted to be effective March 12, 1998, 23 TexReg 2289; amended to be effective July 11, 2002, 27 TexReg 5962