GroundRules
Tex. Finance Code § 124.051: OPEN-END CREDIT PLAN.
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 B. OPEN-END CREDIT PLAN OR LINE OF CREDIT
A credit union may enter into a written agreement with a member under which:
(1) the member is allowed to borrow money from time to time; and
(2) interest may from time to time be computed on the unpaid balance.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Collected 2026-08-27T01:47:13Z. Source file · JSON