Sec. 64.081. REQUIRED INVESTMENTS. 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 64.082 in:
(1) first and second lien residential mortgage loans or foreclosed residential mortgage loans originated in the association's local service area;
(2) home improvement loans;
(3) interim residential construction loans;
(4) mortgage-backed securities secured by loans in the association's local service area; and
(5) loans for community reinvestment.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Section: Previous 64.022 64.023 64.041 64.042 64.061 64.062 64.063 64.064 64.081 64.082 64.083 64.084 64.101 64.102 64.103 NextLast modified: September 28, 2016