Texas Finance Code Title 3, Chapter 64 - Loans And Investments

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 64.001 - Adoption Of Rules
  (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...
• Texas Section 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...

SUBCHAPTER B LOAN EXPENSES

• Texas Section 64.003 - Prohibited Transactions
  An association may not engage in a transaction that violates a rule adopted under this subchapter. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff....
• Texas Section 64.021 - Borrower Payment Of Loan Expenses
  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...
• Texas Section 64.022 - Collection Of Loan Expenses
  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)...

SUBCHAPTER C LOAN PAYMENTS

• Texas Section 64.023 - Character Of Loan Expense Payments
  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.,...
• Texas Section 64.041 - Penalty For Prepayment Or Late Payment
  An association may charge a penalty for a prepayment of or late payment on a loan. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff....

SUBCHAPTER D CHARGES RELATING TO REAL PROPERTY LOANS

• Texas Section 64.042 - Application Of Prepayments To Loan Installments
  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...
• Texas Section 64.061 - Advances Paid By Association
  (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...
• Texas Section 64.062 - Advances Are Lien On Property
  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.,...
• Texas Section 64.063 - Payment Of Estimated Charges By Borrower
  (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...

SUBCHAPTER E INVESTMENT IN LOCAL SERVICE AREA

• Texas Section 64.064 - Record Of Charges
  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...
• Texas Section 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...
• Texas Section 64.082 - Designation Of Local Service Area
  (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...
• Texas Section 64.083 - Rules
  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...

SUBCHAPTER F PROPERTY OF ASSOCIATION

• Texas Section 64.084 - Waivers
  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...
• Texas Section 64.101 - Real Property On Which Association Facility Is Located
  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.,...
• Texas Section 64.102 - Disposal Of Other Real Property
  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...
• Texas Section 64.103 - Transactions Relating To Association's Real Property
  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....
• Texas Section 64.104 - Record Of Charges On Real And Personal 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: September 28, 2016