Tex. Fin. Code § 65.011 · Subchapter A. GENERAL PROVISIONS
LIEN ON SAVINGS ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Without further agreement or pledge, an association or a federal association doing business in this state has a lien on all savings accounts owned by a member to whom or on whose behalf the association has advanced money by loan or otherwise.
(b) On default in the payment or satisfaction of the member's obligation, the association, without notice to or consent of the member, may cancel on its books all or part of the member's savings account and apply that amount to payment of the obligation.
(c) The association by written instrument may waive its lien in whole or in part on a savings account.
(d) The association may take the pledge of a savings account of the association that is owned by a member other than the borrower as additional security for a:
(1) loan secured by an account;
(2) loan secured by an account and real property; or
(3) real property loan.
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.65.htm
- Text hash
- sha256 35d605c4ed53eb63d323e21b3521931d57aac4a910180acf0a672118c91d454f
- 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.