Texas Finance Code

§ 124.251 — ILLEGALITY OF LOAN NOT A DEFENSE

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FI § 124.251Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 124. LOANS AND INVESTMENTS · Art. F. ILLEGAL LOANS

The illegality of a loan is not a defense in a credit union's action to recover on the loan.

Legislative history

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