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

Tex. Finance Code § 124.053: ADDITIONAL LOAN APPLICATION NOT REQUIRED.

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

An additional loan application is not required under an open-end credit plan under Section 124.051 or line of credit under Section 124.052 if the aggregate obligation does not exceed a limit of the extension of credit the credit union establishes.

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

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

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