Finance Commission of Texas
The Finance Commission is responsible for overseeing and coordinating the Texas Department of Banking, the Department of Savings and Mortgage Lending, and the Office of the Consumer Credit Commissioner and serves as the primary point of accountability for ensuring that state depository and lending institutions function as a system, considering the broad scope of the financial services industry.
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The Finance Commission is the policy making body for those agencies and is not a separate state agency. These three agencies are housed in the State Finance Commission Building at 2601 North Lamar, Austin, TX 78705. The Finance Commission of Texas is a board of private citizens appointed by and responsible to the Governor of Texas. Originated in 1943, it derives its authority from Chapter 11 of the Texas Finance Code (The Texas Banking Act).