Sec. 44.008. COMPLIANCE. (a) On accepting a linked deposit, an eligible lending institution must loan money to eligible borrowers in accordance with the deposit agreement and this chapter. The eligible lending institution shall forward a compliance report to the board.
(b) The board shall monitor compliance with this chapter and inform the comptroller of noncompliance on the part of an eligible lending institution.
Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 1, Sec. 1, eff. Nov. 3, 1987. Amended by Acts 1995, 74th Leg., ch. 419, Sec. 5.08, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 1010, Sec. 5.10, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 2.03, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Agricultural Research and Promotion
Chapter 44 - Agricultural Diversification and Microenterprise Support Programs
Section 44.002. Creation of Microenterprise Programs
Section 44.0045. Microenterprise Support Program Loans
Section 44.007. Interest Rate Reduction Program
Section 44.009. State Liability Prohibited
Section 44.010. Limitations in Program