Section 651.159 - Memorandum of Understanding: Prepaid Funeral Services(a) The commission, the Texas Department of Insurance, and the Texas Department of Banking shall adopt a joint memorandum of understanding relating to prepaid funeral services and transactions. The memorandum must: (1) outline the responsibilities of each agency in regulating prepaid funeral services and transactions;(2) establish procedures to be used by each agency in: (A) referring a complaint to one of the other agencies;(B) investigating a complaint; and(C) notifying the other agencies of a complaint or a complaint investigation;(3) specify: (A) an action the agencies regard as a deceptive trade practice; and(B) the information the agencies provide consumers and when that information is to be provided; and(4) set the administrative penalty each agency imposes for a violation.(b) Not later than the last month of each state fiscal year, the commission and the other agencies shall review and update the memorandum of understanding.(c) Each agency by rule shall adopt the memorandum of understanding and any revision to the memorandum. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. 9/1/1999.