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

Tex. Finance Code § 124.251: ILLEGALITY OF LOAN NOT A DEFENSE.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE D. CREDIT UNIONS
  4. CHAPTER 124. LOANS AND INVESTMENTS
  5. SUBCHAPTER F. ILLEGAL LOANS

The illegality of a loan is not a defense in a credit union's action to recover on the loan.

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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