Texas Statutes
Subchapter A. General Provisions Concerning Loans to Members
Section 124.001. Authorization

Sec. 124.001. AUTHORIZATION. 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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.