Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 124.003: LIMITATIONS ON LOANS.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE D. CREDIT UNIONS
CHAPTER 124. LOANS AND INVESTMENTS
SUBCHAPTER A. GENERAL PROVISIONS CONCERNING LOANS TO MEMBERS

A credit union may not make a loan to a member or a business interest of the member if the loan would cause the aggregate amount of loans to the member and the member's business interests to exceed:

(1) an amount equal to 10 percent of the credit union's total assets; or

(2) a lesser amount established by commission rule.

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

Collected 2026-08-27T01:47:13Z. Source file · JSON

Browse this collection