TITLE banking-and-securities

Part II. Texas Department of Banking

Chapter 29. Sale of Checks Act

7 TAC §29.11

The Texas Department of Banking adopts new §29.11, concerning the effect certain criminal convictions may have on the holder of a license to engage in the business of selling checks or on an applicant for a license. The section is adopted with nonsubstantive changes to the proposed text as published in the May 7, 1999, issue of the Texas Register (24 TexReg 3419).

Texas Civil Statutes, Article 6252-13c and Article 6252-13d, require a licensing authority to adopt rules relating to its exercise of authority to suspend or revoke an existing license, or deny an application for a license, because of a person's conviction of a crime which directly relates to the duties and responsibilities of the licensed profession.

Licenses to sell checks are regulated by the banking commissioner and the department of banking pursuant to Finance Code, Chapter 152. Before a license may be issued, an applicant must be found to possess satisfactory character and general fitness. A license also may be revoked if a license holder no longer possesses these attributes. As adopted, §29.11(b) addresses conviction of an official of a felony or another crime of moral turpitude that directly disqualfy an applicant or license holder as provided in Finance Code, §152.203(a)(3).

A conviction of a crime which directly relates to the duties and responsibilities of a check seller could result in a determination that an applicant or license holder lacks the requisite character and general fitness. As adopted, §29.11(c)-(i) identifies crimes the agency considers directly related to the duties and responsibilities of a check seller, specifies possible mitigating circumstances, and describes the precedural rights and protections available to the applicant or license holder affected by an adverse action of the commissioner as a result of a conviction.

The adopted rule will benefit potential applicants for a check seller's license by permitting assessment of the prospects of obtaining a license if an official of the applicant has a criminal conviction prior to expending the resources necessary to apply. It also will benefit existing license holders by providing notice and the opportunity to avoid adverse action with respect to a license because of such a conviction.

The agency received only one comment on the proposed section. The commenter suggested that §29.11(i), relating to judicial review, incorporate relevant and controlling Government Code provisions in lieu of specifying details such as the location of the court in which a petition must be filed and the time limitations on filing, to avoid the necessity of amending the rule should the underlying statutes change. The agency believes that this suggestion is well-founded, and has changed the subsection accordingly. The agency is also making stylistic edits to improve readability based on internal comments. No edit changes the meaning, intent, or effect of the section as proposed with regard to any affected person.

The agency is also correcting a few citations to law. The remaining provisions of Texas Civil Statutes, Article 489d, have been codified into Finance Code, Chapter 152, by Senate Bill 1368, §7.37, 76th Legislature, effective September 1, 1999. All references to Article 489d in the proposed section are edited to reflect correct statutory location in the Finance Code.

The section is adopted pursuant to Texas Civil Statutes, Article 6252-13d, which requires a licensing authority to issue guidelines relating to the suspension, revocation, or denial of a license because of a conviction of a crime which directly relates to the licensed occupation, and Finance Code, §152.102(a), which authorizes the commission to adopt rules to enforce and administer Finance Code, Chapter 152, including rules related to an application for a license.

§29.11. Effect of Criminal Conviction on Licenses.

(a)

Definitions. The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise:

(1)

Commissioner--The banking commissioner of Texas.

(2)

Official--An individual applying for or holding a license, or an owner, director, or officer of a license applicant or holder that is an entity.

(3)

License--The authorization issued by the commissioner to sell checks, or to maintain, utilize or otherwise control an account for the purpose of engaging in the business of selling checks, as required by Finance Code, §152.201.

(b)

Effect of conviction for a felony or a crime involving moral turpitude on proposed or existing license. As required by Finance Code, §152.203(a)(3), the commissioner shall deny an application for a license if the applicant is an individual who has been convicted of a felony, or another crime involving moral turpitude that is reasonably related to the individual's fitness to hold a license. For purposes of this subsection, the crimes listed in subsections (d)(1)-(3) of this section are considered to be crimes involving moral turpitude.

(c)

Effect of other criminal convictions on proposed or existing license. The commissioner may deny an application for a license, or revoke an existing license if an official has been convicted of a crime which directly relates to the duties and responsibilities of a check seller. Adverse action by the commissioner in response to a crime specified in subsection (d) of this section is subject to mitigating circumstances and rights of the applicant or license holder as specified in subsections (e)-(i) of this section.

(d)

Crimes directly related to fitness for a license. The sale of checks involves or may involve representations to prospective check purchasers, maintenance of fund accounts to pay the checks upon presentment, compliance with reporting requirements to governmental agencies relating to certain currency transactions, the financial condition and performance of the license holder, and the adequacy of the bond or alternate security maintained. Consequently, a crime involving the misrepresentation of costs or benefits of a product or service, the improper handling of money or property entrusted to an official, or a crime involving failure to file a governmental report or filing a false report is a crime directly related to the duties and responsibilities of a license holder, including a crime involving:

(1)

fraud, misrepresentation, deception, or forgery;

(2)

breach of trust or other fiduciary duty;

(3)

dishonesty or theft;

(4)

violation of a statute governing check issuers of this or another state;

(5)

failure to file a required report with a governmental body, or filing a false report; or

(6)

attempt, preparation, or conspiracy to commit one of the preceding crimes.

(e)

Mitigating considerations. In determining whether a conviction for a crime specified in Subsection (d) of this section renders an official presently unfit to be a license holder, the commissioner shall consider:

(1)

the extent and nature of the official's past criminal activity;

(2)

the age of the official at the time of the commission of the crime;

(3)

the time elapsed since the official's last criminal activity;

(4)

the conduct and work activity of the official prior to and following the criminal activity;

(5)

the official's rehabilitation or rehabilitative effort while incarcerated or following release; and

(6)

the official's present fitness for a license, evidence of which may include letters of recommendation from prosecution, law enforcement, and correctional officers who prosecuted, arrested, or had custodial responsibility for the official, the sheriff and chief of police in the community where the official resides, and other persons in contact with the official.

(f)

Required documentation. The applicant must, to the extent possible, secure and provide to the commissioner reliable documents and/or testimony evidencing the information required to make a determination under subsection (e), including the recommendations of the prosecution, law enforcement, and correctional authorities. The applicant must also furnish proof in such form as may be required by the commissioner that the official has maintained a record of steady employment, has supported such official's dependents, has otherwise maintained a record of good conduct, and has paid all outstanding court costs, supervision fees, fines, and restitution as may have been ordered in all criminal cases in which the official has been convicted.

(g)

Notification of adverse action. If a license application is to be denied, or if a license is to be revoked because of the criminal conviction of an official, the commissioner will so notify the applicant or license holder in writing. The notification must include a statement of the reasons for the action and a description of the procedure for administrative and judicial review of the action.

(h)

Administrative hearing on adverse action. Before an application is denied or a license revoked, the applicant or license holder is entitled to an administrative hearing. The commissioner will schedule the hearing and notify the applicant or license holder. A hearing is subject to the provisions of the Administrative Procedure Act, Government Code, Chapter 2001, and the provisions of Chapter 9, Subchapter B of this title (relating to Contested Case Hearings).

(i)

Judicial review. An applicant whose license application has been denied or a license holder whose license has been revoked because of a criminal conviction of an official may appeal a final order as set forth in Government Code, Chapter 2001, Subchapter G.

This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on June 25, 1999.

TRD-9903798

Everette D. Jobe

General Counsel, Texas Department of Banking

Texas Department of Banking

Effective date: July 15, 1999

Proposal publication date: May 7, 1999

For further information, please call: (512) 475-1300