Texas Finance Code

§ 94.052 — CONSUMER LOANS

FI § 94.052Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 94. LOANS AND INVESTMENTS · Art. B. LOAN EXPENSES

In the case of a consumer loan:

(1)a savings bank may charge a borrower the reasonable value of services rendered in connection with making the loan; and

(2)an expense charged a borrower must be:

(A)necessary and proper for the protection of the lender; and

(B)actually incurred in connection with making the loan.

Legislative history

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