Tex. Fin. Code § 64.081 · Subchapter E. INVESTMENT IN LOCAL SERVICE AREA
REQUIRED INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An association shall maintain in the association's portfolio not less than 15 percent of the association's deposits from its local service area designated under Section 64.082 in:
(1) first and second lien residential mortgage loans or foreclosed residential mortgage loans originated in the association's local service area;
(2) home improvement loans;
(3) interim residential construction loans;
(4) mortgage-backed securities secured by loans in the association's local service area; and
(5) loans for community reinvestment.
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.64.htm
- Text hash
- sha256 7d2ac751b3020d3f0d22cdae88d9178ae5a32bea68731bd0671d3c6ab6e57a25
- 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
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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.