(a) A local government that receives approval for a district under this subchapter shall notify the Department in writing not later than the 21st day after the date:
  (1) the credit union establishes a branch in the district and the address of such a branch; and
  (2) the credit union closes a branch in the district.
(b) On behalf of the Commission, the Department may request periodic status reports from the local government or the credit union in order to ensure that the needs of the community located in the district are being met in an appropriate manner.

Source Note: The provisions of this §91.2005 adopted to be effective November 8, 2015, 40 TexReg 7666