{"data":{"id":"us-tx/tex.-finance-code-124.201","jurisdiction":"us-tx","citation":"Tex. Finance Code § 124.201","heading":"AUTHORIZATION.","body":"Only if done in accordance with limitations imposed by Section 124.202, a credit union may make a loan or extend a line of credit to:\n(1) a director, senior management employee, or member of the credit committee; or\n(2) the immediate family of the director, senior management employee, or member of the credit committee.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 533, Sec. 38, eff. Sept. 1, 2003.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 124. LOANS AND INVESTMENTS","SUBCHAPTER E. LOANS TO DIRECTORS, EMPLOYEES, AND CREDIT COMMITTEE MEMBERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm#124.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"46c0d6c4abd8f8f44da21c0f803bd0689cd0643ae53c9972af9049dec5b2aca6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-124.153","next":"us-tx/tex.-finance-code-124.202"},"notice":"GroundRules: Original legal text. Not legal advice."}