Article If ThmEN is 0b0 (POR value), does the MAX20361 operate without a THM check at power-on and on the ENb falling edge and therefore does not prevent Cold-Startup feature?

Yes, the device performs the THM only if the ThmEN bit is set. As long as the ThmEN bit is set to 0b0, the Cold-Startup feature will operate as normal without the THM check at power-on or on the ENb falling edge.