Tex. Fin. Code § 124.201

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

Section 124.201 - Authorization

Only if done in accordance with limitations imposed by Section 124.202, a credit union may make a loan or extend a line of credit to:

(1) a director, senior management employee, or member of the credit committee; or

(2) the immediate family of the director, senior management employee, or member of the credit committee.

Tex. Fin. Code § 124.201

Amended by Acts 2003, 78th Leg., ch. 533, Sec. 38, eff. 9/1/2003.

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