Sec. 94.001. LOANS TO ONE BORROWER. (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 associations under Section 5(u), Home Owners' Loan Act (12 U.S.C. Section 1464(u)).
(b) A savings bank may not make loans to one borrower to a greater extent than:
(1) permitted by rule adopted under Subsection (a); or
(2) a savings association is permitted under Section 5(u), Home Owners' Loan Act (12 U.S.C. Section 1464(u)).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 53, eff. Sept. 1, 2001.
Section: 94.001 94.002 94.051 94.052 94.053 94.054 94.101 94.102 94.151 94.152 94.153 94.154 94.251 94.252 94.253 NextLast modified: September 28, 2016