TX SB2906

Requires Texas-chartered financial institutions (state banks, savings and loans, credit unions, trust companies) to provide customers with written notice and a reason before terminating bank accounts, lines of credit, or other banking services

Mandates a minimum 30-day waiting period after notice for customers to voluntarily transfer their accounts, except when accounts are dormant, have zero balance, persistent overdrafts, habitual delinquency, or suspected criminal activity

Establishes an appeals process through the Texas Department of Banking, with customers having 10 business days from the termination notice to file an appeal, which stays the termination until resolved

Authorizes customers to sue financial institutions after exhausting the administrative appeal process, with remedies including declaratory relief, injunctive relief, and recovery of attorney's fees

Directs the Finance Commission of Texas to adopt enforcement rules, while protecting financial institutions from liability when federal law provides immunity