Relating to limitations on the termination of banking services by certain financial institutions.

SB 2906 requires Texas-chartered banks, credit unions, and other financial institutions serving only Texas residents or Texas businesses to provide customers with 30 days' written notice and a specific reason before terminating accounts or credit lines. Customers may appeal terminations within 10 business days to the Texas Department of Banking, which must review appeals and order reversals if terminations violate the law. Exceptions to the 30-day notice period include dormant accounts, persistent overdrafts, or suspected criminal activity. The bill creates new requirements for financial institutions to follow before ending services, aiming to prevent abrupt account closures without customer recourse.