Tex. Fin. Code Section 124.203
Authorization to Act as Comaker, Guarantor, or Endorser

A credit union may permit a director, senior management employee, or member of the credit committee to act as comaker, guarantor, or endorser of a loan to a member only in accordance with limitations imposed by Section 124.204 (Prior Approval Required).

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 533, Sec. 39, eff. Sept. 1, 2003.

Source: Section 124.203 — Authorization to Act as Comaker, Guarantor, or Endorser, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm#124.203 (accessed Jun. 5, 2024).

124.001
Authorization 124.002
Limitations on Interest Rates 124.003
Limitations on Loans 124.004
Written Instrument Required 124.005
Applicability of Other Law 124.051
Open-end Credit Plan 124.052
Line of Credit 124.053
Additional Loan Application Not Required 124.101
Borrower Payment of Loan Expenses 124.102
Collection of Loan Expenses 124.103
Character of Expense or Fee 124.151
Prepayment Privilege 124.152
Conditions for Prepayment of Loan Secured by Real Property 124.153
Penalty for Late Payment 124.201
Authorization 124.202
Conditions of Loans 124.203
Authorization to Act as Comaker, Guarantor, or Endorser 124.204
Prior Approval Required 124.251
Illegality of Loan Not a Defense 124.252
Illegality of Loan Not a Bar to Enforcement or Collection 124.301
Participation Loans 124.302
Government Loan Programs 124.351
Permitted Investments 124.352
Limitations on Investments

Up to date

Accessed:
Jun. 5, 2024

§ 124.203’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._fin._code_section_124.203

Original Source: Section 124.203 — Authorization to Act as Comaker, Guarantor, or Endorser, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm#124.203 (last accessed Jun. 5, 2024).

Tex. Fin. Code Section 124.203 Authorization to Act as Comaker, Guarantor, or Endorser

Tex. Fin. Code Section 124.203
Authorization to Act as Comaker, Guarantor, or Endorser