31 Tex. Admin. Code § 367.20

Current through Reg. 50, No. 1; January 3, 2025

Section 367.20 - State Liability

The state is not liable to an eligible lending institution for payment of the principal, interest, or any late charges on a loan made to an approved applicant. A linked deposit is not an extension of the state's credit within the meaning of any state constitutional prohibition.

31 Tex. Admin. Code § 367.20

The provisions of this §367.20 adopted to be effective July 6, 2004, 29 TexReg 6348