A foreign bank agency shall maintain the following records in English, or accompanied by an English translation, at its authorized location:

1. (1) separate accounting records relating to its assets, liabilities, income and expenses resulting from its operations in the state;
2. (2) records relating to all filings or permits required by federal regulators;

3. (3) records of all credit balances, including:

   1. (A) a list of each credit balance;
   2. (B) the contractual terms applicable to each credit balance; and
   3. (C) the contractual terms specifying the completion of the transactions to which the credit balance relates;
4. (4) records listing all representative offices or loan production offices maintained in the state by the foreign bank agency or by the foreign bank corporation that controls the agency; and
5. (5) such other records that the banking commissioner may require to be maintained.

Source Note:The provisions of this §3.42 adopted to be effective September 13, 1996, 21 TexReg 8451.