Texas Statutes
Subtitle D - Credit Unions
Chapter 124 - Loans and Investments

Subchapter A. General Provisions Concerning Loans to Members

Section 124.001. Authorization - Sec. 124.001. AUTHORIZATION. A credit union may make a loan...

Section 124.002. Limitations on Interest Rates - Sec. 124.002. LIMITATIONS ON INTEREST RATES. The interest rate on...

Section 124.003. Limitations on Loans - Sec. 124.003. LIMITATIONS ON LOANS. A credit union may not...

Section 124.004. Written Instrument Required - Sec. 124.004. WRITTEN INSTRUMENT REQUIRED. A credit union loan must...

Section 124.005. Applicability of Other Law - Sec. 124.005. APPLICABILITY OF OTHER LAW. Subtitle B, Title 4,...

Subchapter B. Open-End Credit Plan or Line of Credit

Section 124.051. Open-End Credit Plan - Sec. 124.051. OPEN-END CREDIT PLAN. A credit union may enter...

Section 124.052. Line of Credit - Sec. 124.052. LINE OF CREDIT. A credit union may approve...

Section 124.053. Additional Loan Application Not Required - Sec. 124.053. ADDITIONAL LOAN APPLICATION NOT REQUIRED. An additional loan...

Subchapter C. Loan Expenses

Section 124.101. Borrower Payment of Loan Expenses - Sec. 124.101. BORROWER PAYMENT OF LOAN EXPENSES. A credit union...

Section 124.102. Collection of Loan Expenses - Sec. 124.102. COLLECTION OF LOAN EXPENSES. A payment authorized by...

Section 124.103. Character of Expense or Fee - Sec. 124.103. CHARACTER OF EXPENSE OR FEE. An expense or...

Subchapter D. Loan Payments

Section 124.151. Prepayment Privilege - Sec. 124.151. PREPAYMENT PRIVILEGE. A loan may be prepaid in...

Section 124.152. Conditions for Prepayment of Loan Secured by Real Property - Sec. 124.152. CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL...

Section 124.153. Penalty for Late Payment - Sec. 124.153. PENALTY FOR LATE PAYMENT. (a) A credit union,...

Subchapter E. Loans to Directors, Employees, and Credit Committee Members

Section 124.201. Authorization - Sec. 124.201. AUTHORIZATION. Only if done in accordance with limitations...

Section 124.202. Conditions of Loans - Sec. 124.202. CONDITIONS OF LOANS. A loan or extension of...

Section 124.203. Authorization to Act as Comaker, Guarantor, or Endorser - Sec. 124.203. AUTHORIZATION TO ACT AS COMAKER, GUARANTOR, OR ENDORSER....

Section 124.204. Prior Approval Required - Sec. 124.204. PRIOR APPROVAL REQUIRED. The board must give its...

Subchapter F. Illegal Loans

Section 124.251. Illegality of Loan Not a Defense - Sec. 124.251. ILLEGALITY OF LOAN NOT A DEFENSE. The illegality...

Section 124.252. Illegality of Loan Not a Bar to Enforcement or Collection - Sec. 124.252. ILLEGALITY OF LOAN NOT A BAR TO ENFORCEMENT...

Subchapter G. Loan Programs

Section 124.301. Participation Loans - Sec. 124.301. PARTICIPATION LOANS. A credit union may market and...

Section 124.302. Government Loan Programs - Sec. 124.302. GOVERNMENT LOAN PROGRAMS. A credit union may participate...

Subchapter H. Investment of Money

Section 124.351. Permitted Investments - Sec. 124.351. PERMITTED INVESTMENTS. (a) A credit union may invest...

Section 124.352. Limitations on Investments - Sec. 124.352. LIMITATIONS ON INVESTMENTS. (a) An investment under Section...