Tex. Fin. Code § 124.051

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

Section 124.051 - Open-End Credit Plan

A credit union may enter into a written agreement with a member under which:

(1) the member is allowed to borrow money from time to time; and

(2) interest may from time to time be computed on the unpaid balance.

Tex. Fin. Code § 124.051

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.