{"data":{"id":"us-tx/tex.-finance-code-62.153","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.153","heading":"INSURANCE OF SAVINGS ACCOUNTS.","body":"(a) An association may obtain insurance for its savings accounts from the Federal Deposit Insurance Corporation.\n(b) Only if the account is insured by the Federal Deposit Insurance Corporation may a person advertise, represent, or offer to accept a savings account in this state as:\n(1) an insured or guaranteed account; or\n(2) the savings account of an insured or guaranteed institution.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER D. OPERATIONS AND FINANCES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"3f1f489f0d633abb78d3cabd96af0a4ed6c631f04acd52e464a9dd1b8ba66045","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.152","next":"us-tx/tex.-finance-code-62.154"},"notice":"GroundRules: Original legal text. Not legal advice."}