{"data":{"id":"us-tx/tex.-finance-code-96.405","jurisdiction":"us-tx","citation":"Tex. Finance Code § 96.405","heading":"PERMITTED TRANSACTIONS FOR DEPARTMENT RELATING TO SAVINGS BANK.","body":"(a) The commissioner or an employee of the Department of Savings and Mortgage Lending may hold a deposit account at a savings bank and receive earnings on the account.\n(b) If a loan or other note of the commissioner or an employee of the Department of Savings and Mortgage Lending is acquired by a savings bank, the commissioner or employee may continue as a borrower, endorser, surety, or guarantor of the loan or note until the loan or note is paid.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 6.049, eff. September 1, 2007.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 96. SUPERVISION AND REGULATION","SUBCHAPTER I. MISCELLANEOUS PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.96.htm#96.405","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c7c06a7ce8017b9f45343809a0478bb672931e5d6351050c18316b17668072e1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-96.404","next":"us-tx/tex.-finance-code-97.001"},"notice":"GroundRules: Original legal text. Not legal advice."}