Tex. Fin. Code § 124.001 · Subchapter A. GENERAL PROVISIONS CONCERNING LOANS TO MEMBERS
AUTHORIZATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A credit union may make a loan to a member:
(1) in accordance with rules adopted by the commission;
(2) for a purpose the credit union approves; and
(3) on security and terms the credit union requires.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm
- Text hash
- sha256 472325f9e065e341cf1fc35e04696c5a5cd845e5837a540f08bd0b3a2a062b96
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.