Sec. 64.002. CONTENT OF RULES. Rules adopted under this subchapter may include provisions governing:
(1) types of loans an association may originate, make, or sell;
(2) conditions under which an association may originate, make, or sell a loan;
(3) conditions under which an association may purchase or participate in a loan made by another lender;
(4) conditions for servicing a loan for another lender;
(5) conditions under which an association may lend money on the security of a loan made by another lender;
(6) conditions under which an association may pledge a loan held by the association as collateral for money borrowed by the association;
(7) conditions under which an association may invest in securities and debt instruments;
(8) documentation that an association must have in the association's loan files when the association funds, purchases, or participates in a loan;
(9) the form and content of statements of expenses, fees, and other charges paid, or required to be paid, by a borrower;
(10) title information required to be maintained in force;
(11) insurance coverage required to be provided by a borrower for property that secures a loan;
(12) appraisal reports;
(13) financial statements of borrowers;
(14) fees or other compensation that may be paid to an officer, director, employee, affiliated person, consultant, or third party in connection with procuring a loan for an association;
(15) conditions under which an association may advance money to pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property securing a loan;
(16) terms under which an association may acquire and deal in real property;
(17) valuation on an association's books of real property held by the association;
(18) terms governing an association's investment in a subsidiary corporation;
(19) powers that may be exercised by a subsidiary of an association; and
(20) any other matter necessary for proper administration of transactions conducted by an association.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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