PERMFILE135758

• Permit No: C1982054
• IBM Index Class Name: Permit File
• Doc Date: 9/14/1984
• From: TEXAS AMERICAN BANK FORT WORTH
• Media Type: D
• Archive: No

III IIIIII!IIIIII III TEXAS AMERICAN BANK~FORT WORTiI n.. •SEp 14 1984
(A) The bank will give prompt notice to the permittee
and the Division of any notice received or action filed alleging
the insolvency_ or bankruptcy of the bank, or alleging any
violations of regulatory requirements which could result in
suspension or revocation of the bank's charter or license to
do business;
(B) In the event the bank becomes unable to Eulfill its
obligations under the letter of credit for any reason, notice
shall be given immediately to the permitted and the Division;
and
(C) Upon the incapacity of a bank by reason of bankruptcy,
insolvency or suspension or revocation of the charter or license,
the permittee shall be deemed to be without performance bond
coverage in violation of 3.02.1(2). The Division shall issue a
notice of violation against any permittee who is without bond
coverage. The notice shall specify a reasonable period to replace
bond coverage, not to exceed 90 days. During this period, the
Division shall conduct weekly inspections to ensure continuing
compliance with other permit requirements. Such notice of
violation, if abated within the period allowed, shall not be counted
as such for purposes of determining "patterns of violations"
under 5.03.3 and need not be reported as a past violation in
permit applications under 2.03.5. If such a notice of violation
is not abated in accordance with the schedule, a cessation order
shall be issued; or the Division shall amend the relevant permit
to include only those operations For which any other or remaining
bond liability is sufficient.