Texas Finance Code

§ 64.001 — ADOPTION OF RULES

FI § 64.001Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 64. LOANS AND INVESTMENTS · Art. A. GENERAL PROVISIONS

Statute text

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(a)The finance commission shall adopt rules relating to the power of associations operating under this subtitle to make loans and investments.

(b)Rules adopted under this section must contain provisions reasonably necessary to ensure that:

(1)a loan made by an association is consistent with sound lending practices; and

(2)an investment made by an association promotes the purposes of this subtitle.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 28, eff. Sept. 1, 2001.