Texas Finance Code

§ 124.001 — AUTHORIZATION

FI § 124.001Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 124. LOANS AND INVESTMENTS · Art. A. GENERAL PROVISIONS CONCERNING LOANS TO MEMBERS

Statute text

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A credit union may make a loan to a member:

(1)in accordance with rules adopted by the commission;

(2)for a purpose the credit union approves; and

(3)on security and terms the credit union requires.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.