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State Law
Federal Law
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Texas Finance Code - Chapter 94 Loans And InvestmentsLegal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Chapter 94 Loans And Investments (a) The finance commission by rule may limit loans to one borrower. Those limits may not be less restrictive than the limits imposed on savings ... (a) Subject to rules adopted by the finance commission, a savings bank may lend or invest not more than 40 percent of the savings bank's ... Subject to Section 94.052, a savings bank may require a borrower to pay all reasonable expenses incurred in connection with making, closing, disbursing, extending, readjusting, ... In the case of a consumer loan: (1) a savings bank may charge a borrower the reasonable value of services rendered in connection with making ... An expense payment authorized by this subchapter may be: (1) collected by the savings bank from the borrower and: (A) retained by the savings bank; ... An expense payment authorized by this subchapter is not interest or compensation charged by a savings bank for the loan of money. Acts 1997, 75th ... A savings bank may charge a penalty for a prepayment of or late payment on a loan. Acts 1997, 75th Leg., ch. 1008, § 1, ... Unless otherwise agreed in writing, a savings bank shall apply: (1) a prepayment of principal to the final installment of the obligation until the final ... (a) A savings bank may pay taxes, assessments, insurance premiums, and similar charges for the protection of the savings bank's interest in property that secures ... A payment under Section 94.151 is a lien against the real property that secures the loan for which it is made. Acts 1997, 75th Leg., ... (a) To enable the savings bank to pay charges as they become due, a savings bank may require a borrower to pay monthly in advance, ... A savings bank shall keep a record of the status of taxes, assessments, insurance premiums, and other charges on real property that secures the savings ... A savings bank shall maintain in the savings bank's portfolio not less than 15 percent of the savings bank's deposits from its local service area ... (a) The commissioner shall designate a savings bank's local service area at the time of application for incorporation as or conversion to a savings bank. ... The finance commission shall adopt rules to implement this subchapter, including rules that define the categories of loans and investments described by Section 94.201. Acts ... The commissioner, in accordance with rules adopted under Section 94.203, may grant a limited-term waiver from the requirements of Section 94.201 if quality loans in ... (a) A savings bank or a subsidiary may not invest in an equity security unless the security qualifies as an investment grade security under rules ... The limitations under Section 94.251 do not apply to an equity security issued by: (1) a United States government-sponsored corporation, including the Federal National Mortgage ... The finance commission may adopt rules necessary to implement this subchapter, including rules relating to eligible investment criteria, investment diversification, and resource management requirements. Acts ... With the prior consent of the commissioner and subject to rules adopted by the finance commission, a savings bank may invest in a subsidiary corporation ... (a) A savings bank may not invest in a subsidiary corporation if the investment would cause the savings bank's aggregate investments in subsidiaries to exceed ... (a) The commissioner may regulate and examine a subsidiary corporation in which a savings bank invests under Section 94.301. (b) The subsidiary corporation shall pay ... The finance commission shall adopt rules on permitted activities of a subsidiary corporation in which a savings bank invests under Section 94.301. Acts 1997, 75th ... Without prior approval of the commissioner, a savings bank may invest not more than an amount equal to the savings bank's regulatory capital in real ... The finance commission by rule adopted under Section 93.002 may approve a new form of savings bank facility or authorize the commissioner to approve a ... A savings bank shall keep a record of the status of taxes, assessments, insurance premiums, and other charges on all real and personal property owned ... Last modified: August 10, 2007 |