Tex. Fin. Code Section 123.105
Fees


(a)

A credit union may collect a fee, determined by the board, for services and administrative costs, including a fee for a check or draft that is returned because it is drawn against a closed account or an account containing insufficient or uncollected money, because of a stop payment order, or for another similar reason.

(b)

A fee under this section is an administrative expense. The fee is in addition to interest authorized by law and is not a part of interest collected or agreed to be paid on a loan.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 123.105 — Fees, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­123.­htm#123.­105 (accessed May 11, 2024).

Accessed:
May 11, 2024

§ 123.105’s source at texas​.gov