1. (a) A credit union shall prepare and forward to the Department any report or other document which the Commissioner requires and will comply with all instruction relating to submitting the report or document. For the purposes of this Section, the Commissioner's request shall be directed to all credit unions or to a group of credit unions affected by the same or similar issue, shall be in writing and must specifically advise the credit union that the provisions of this Section apply to the request.
2. (b) If a credit union fails to file a report or provide a document within the timeframe specified in the instruction and after notice of non-receipt, the commissioner may assess a charge for the late filing of $100 per day. The credit union shall pay the late charge to the department within thirty days of the assessment.
3. (c) If a credit union fails to file a report or provide the requested information within the specified time, the commissioner or any person designated by the commissioner may examine the books, accounts and records of the credit union, prepare the report or gather the information and charge the credit union a supplemental examination fee as prescribed in §97.113 of this title (relating to Fees and Charges). The credit union shall pay the fee to the department within thirty days of the assessment.

Source Note:The provisions of this §91.209 adopted to be effective March 8, 1984, 9 TexReg 1150; amended to be effective June 29, 1988, 13 TexReg 3017; amended to be effective July 8, 1994, 19 TexReg 4925; amended to be effective August 9, 1998, 23 TexReg 7767; amended to be effective April 7, 2002, 27 TexReg 2434.