{"data":{"id":"us-tx/tex.-finance-code-124.051","jurisdiction":"us-tx","citation":"Tex. Finance Code § 124.051","heading":"OPEN-END CREDIT PLAN.","body":"A credit union may enter into a written agreement with a member under which:\n(1) the member is allowed to borrow money from time to time; and\n(2) interest may from time to time be computed on the unpaid balance.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm#124.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"ed59dd6b9039fbfe94da43f3c2a87361950cec56dcf2ac103cb423b653df4c09","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-124.005","next":"us-tx/tex.-finance-code-124.052"},"notice":"GroundRules: Original legal text. Not legal advice."}