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State Law
Federal Law
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Texas Finance Code - Chapter 64 Loans And InvestmentsLegal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Chapter 64 Loans And Investments (a) The finance commission shall adopt rules relating to the power of associations operating under this subtitle to make loans and investments. (b) Rules adopted ... 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 ... An association may not engage in a transaction that violates a rule adopted under this subchapter. Acts 1997, 75th Leg., ch. 1008, § 1, eff. ... An association may require a borrower to pay all reasonable expenses incurred in connection with making, closing, disbursing, extending, readjusting, or renewing a loan. Acts ... An expense payment authorized by Section 64.021 may be: (1) collected by the association from the borrower and: (A) retained by the association; or (B) ... An expense payment authorized by Section 64.021 is not interest or compensation charged by an association for the loan of money. Acts 1997, 75th Leg., ... An association may charge a penalty for a prepayment of or late payment on a loan. Acts 1997, 75th Leg., ch. 1008, § 1, eff. ... Unless otherwise agreed in writing, an association shall apply: (1) a prepayment of principal to the final installment of the obligation until the final installment ... (a) An association may pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property that secures a real ... A payment under Section 64.061 is a lien against the real property that secures the loan for which it is made. Acts 1997, 75th Leg., ... (a) To enable the association to pay charges as they become due, an association may require a borrower to pay monthly in advance, in addition ... An association shall keep a record of the status of taxes, assessments, insurance premiums, and other charges on real property securing the association's loans. Acts ... An association shall maintain in the association's portfolio not less than 15 percent of the association's deposits from its local service area designated under Section ... (a) The commissioner shall designate an association's local service area at the time of the association's incorporation. (b) Unless the commissioner and the association otherwise ... The finance commission shall adopt rules to implement this subchapter, including rules that define the categories of loans and investments described by Section 64.081. Acts ... The commissioner may grant a limited-term waiver from the requirements of Section 64.081 if quality loans in the categories described by that section are not ... An association may own real property on which a facility used in connection with the operation of the association is located. Acts 1997, 75th Leg., ... An association shall dispose of real property, other than real property described by Section 64.101, that is acquired by the association in the course of ... On authorization by the association's board of directors, an association may sell, convey, exchange for other real property, lease, improve, repair, or mortgage real property. ... An association shall keep a record of the status of taxes, assessments, insurance premiums, and other charges on all real and personal property owned by ... Last modified: August 10, 2007 |