Texas Finance Code

§ 94.053 — COLLECTION OF LOAN EXPENSES

FI § 94.053Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 94. LOANS AND INVESTMENTS · Art. B. LOAN EXPENSES

Statute text

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An expense payment authorized by this subchapter may be:

(1)collected by the savings bank from the borrower and:

(A)retained by the savings bank; or

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

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

Legislative history

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