The Texas Legislature convenes for 140 days for its regular session in each odd numbered year, and thousands of pieces of legislation are filed. IBAT wants to ensure our members are aware of upcoming changes affecting financial institutions, many of which take effect September 1, 2017.
We’ve compiled detailed guidance related to changes in laws pertaining to multi-party account disclosures, powers of attorney and elder financial abuse. Additionally, we’ve created a white paper addressing other legislation impacting community banks that IBAT was engaged in during the 85th Legislative Session. We also recently held a webinar to discuss the outcomes of the 85th Regular Session of the Texas Legislature and what it all means for Texas community banks. We encourage you to access these resources to ensure you will be in compliance with updated laws.