Texas Finance Code

§ 64.022 — COLLECTION OF LOAN EXPENSES

FI § 64.022Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 64. LOANS AND INVESTMENTS · Art. B. LOAN EXPENSES

Statute text

View on source

An expense payment authorized by Section 64.021 may be:

(1)collected by the association from the borrower and:

(A)retained by the association; or

(B)paid to a person rendering a service for which a charge was made, including an officer, director, or employee of the association rendering the service; or

(2)paid directly by a borrower to the person rendering the service.

Legislative history

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