Tex. Agric. Code § 44.008

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Amended by Acts 1997, 75th Leg., ch. 1010, Sec. 5.10, eff. 9/1/1997

Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 2.03, eff. 9/1/1997.

Amended by Acts 1995, 74th Leg., ch. 419, Sec. 5.08, eff. 9/1/1995

Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 1, Sec. 1, eff. 11/3/1987.