Texas Finance Code - FIN § 204.203. Permissible Activities of Representative Office

(A) may include soliciting new business for the foreign bank, conducting research, acting as liaison between the foreign bank's head office and customers in the United States, performing preliminary and servicing steps in connection with lending, or performing back-office functions; and

(B) do not include contracting for any deposit or deposit-like liability, lending money, or engaging in any other banking activity for the foreign bank;

(A) the foreign bank also operates one or more branches or agencies in the United States;

(B) the loans approved at the representative office are made by a United States office of the bank; and

(C) the loan proceeds are not disbursed in the representative office; and