Tex. Fin. Code § 124.053

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 124.053 - Additional Loan Application Not Required

An additional loan application is not required under an open-end credit plan under Section 124.051 or line of credit under Section 124.052 if the aggregate obligation does not exceed a limit of the extension of credit the credit union establishes.

Tex. Fin. Code § 124.053

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