Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle C. SAVINGS BANKS |
Chapter 94. LOANS AND INVESTMENTS |
Subchapter A. LIMITATIONS ON LOANS |
Sec. 94.002. COMMERCIAL LOANS
Latest version.
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(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 total assets in commercial loans.
(b) In this section, "commercial loan" means a loan that:
(1) is for business, commercial, corporate, or agricultural purposes; and
(2) is not a real property loan.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 54, eff. Sept. 1, 2001.