# Tex. Finance Code § 31.005: IMPLYING THAT PERSON IS BANK

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.005

## Section

- **Citation:** Tex. Finance Code § 31.005
- **Heading:** IMPLYING THAT PERSON IS BANK
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 31 / Section 31.005

## Text

(a) A person may not use the term "bank," "bank and trust," or a similar term or a character, ideogram, phonogram, phrase, or foreign language word in its name, stationery, or advertising in a manner that would imply to the public that the person is engaged in the business of banking in this state.

(b) Subsection (a) does not apply to a federally insured depository institution organized under the laws of this state, another state, the United States, or a foreign sovereign state to the extent that the depository institution or other entity is:

(1) authorized under its charter or the laws of this state or the United States to use a term, word, character, ideogram, phonogram, or phrase prohibited by Subsection (a); and

(2) authorized by the laws of this state or the United States to conduct the activities in which it is engaged in this state.

(c) A person violating this section is subject to an enforcement action initiated by the banking commissioner under Subchapter C, Chapter 35, except that the maximum administrative penalty under Section 35.211 for violation involving only Subsection (a) is $500 for each day the violation continues.

## Nearby sections

- [Tex. Finance Code § 31.001 § 31.001. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.001.md)
- [Tex. Finance Code § 31.002 § 31.002. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.002.md)
- [Tex. Finance Code § 31.003 § 31.003. BANKING RULES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.003.md)
- [Tex. Finance Code § 31.004 § 31.004. UNAUTHORIZED BANKING.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.004.md)
- [Tex. Finance Code § 31.005 § 31.005. IMPLYING THAT PERSON IS BANK.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.005.md)
- [Tex. Finance Code § 31.006 § 31.006. LIABILITY OF DEPOSITORY INSTITUTION DIRECTORS AND PERSONNEL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.006.md)
- [Tex. Finance Code § 31.007 § 31.007. EXEMPTION OF BANK DIRECTORS AND PERSONNEL FROM SECURITIES LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.007.md)
- [Tex. Finance Code § 31.101 § 31.101. GENERAL DUTIES OF BANKING COMMISSIONER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.101.md)
- [Tex. Finance Code § 31.102 § 31.102. ISSUANCE OF INTERPRETIVE STATEMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.102.md)
- [Tex. Finance Code § 31.103 § 31.103. ISSUANCE OF OPINION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.103.md)
- [Tex. Finance Code § 31.104 § 31.104. EFFECT OF INTERPRETIVE STATEMENT OR OPINION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.104.md)
- [Tex. Finance Code § 31.105 § 31.105. EXAMINATION REQUIRED.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.105.md)
- [Tex. Finance Code § 31.106 § 31.106. COST OF REGULATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.106.md)
- [Tex. Finance Code § 31.107 § 31.107. REGULATION AND EXAMINATION OF RELATED ENTITIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.107.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C31_S31.005. Check the current official text before relying on it. Not legal advice.