Tex. Fin. Code Section 124.001
Authorization

A credit union may make a loan to a member:

(1)

in accordance with rules adopted by the commission;

(2)

for a purpose the credit union approves; and

(3)

on security and terms the credit union requires.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 124.001 — Authorization, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­124.­htm#124.­001 (accessed May 26, 2025).

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Verified:
May 26, 2025

§ 124.001. Authorization's source at texas​.gov