Tex. Fin. Code § 124.003 · Subchapter A. GENERAL PROVISIONS CONCERNING LOANS TO MEMBERS

LIMITATIONS ON LOANS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

A credit union may not make a loan to a member or a business interest of the member if the loan would cause the aggregate amount of loans to the member and the member's business interests to exceed:

(1) an amount equal to 10 percent of the credit union's total assets; or

(2) a lesser amount established by commission rule.

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 2f54cce0a82a6c23752be692468f3252cd9da8706734ff5092fd669cfb810825
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.