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Texas Finance Code - Section 64.002. Content Of Rules

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 64.002. Content Of Rules

§ 64.002. CONTENT OF RULES.  Rules adopted under this 
subchapter may include provisions governing:
		(1)  types of loans an association may originate, make, 
or sell;            
		(2)  conditions under which an association may 
originate, make, or sell a loan;
		(3)  conditions under which an association may purchase 
or participate in a loan made by another lender;
		(4)  conditions for servicing a loan for another 
lender;                    
		(5)  conditions under which an association may lend 
money on the security of a loan made by another lender;
		(6)  conditions under which an association may pledge a 
loan held by the association as collateral for money borrowed by the 
association;
		(7)  conditions under which an association may invest 
in securities and debt instruments;
		(8)  documentation that an association must have in the 
association's loan files when the association funds, purchases, or 
participates in a loan;
		(9)  the form and content of statements of expenses, 
fees, and other charges paid, or required to be paid, by a borrower;
		(10)  title information required to be maintained in 
force;                 
		(11)  insurance coverage required to be provided by a 
borrower for property that secures a loan;
		(12)  appraisal reports;                                                      
		(13)  financial statements of borrowers;                                      
		(14)  fees or other compensation that may be paid to an 
officer, director, employee, affiliated person, consultant, or 
third party in connection with procuring a loan for an association;
		(15)  conditions under which an association may advance 
money to pay taxes, assessments, insurance premiums, and similar 
charges for the protection of the association's interest in 
property securing a loan;
		(16)  terms under which an association may acquire and 
deal in real property;
		(17)  valuation on an association's books of real 
property held by the association;
		(18)  terms governing an association's investment in a 
subsidiary corporation;
		(19)  powers that may be exercised by a subsidiary of an 
association;  and  
		(20)  any other matter necessary for proper 
administration of transactions conducted by an association.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007