Tex. Fin. Code § 339.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 339.004 - Application of Licensing Requirement and Subtitle B to Credit Union or Employee Benefit Plan
(a) A credit union is not subject to Subtitle B and is not required to obtain a license under this title.
(b) With respect to a loan that an employee benefit plan that is subject to Title I of the Employee Retirement Income Security Act of 1974 (29 U.S.C. Sections 1001-1114) makes to a participant in the plan or a participant's beneficiary, the plan is not subject to Subtitle B and is not required to obtain a license under this title.

Tex. Fin. Code § 339.004

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. 9/1/1999.