Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
Chapter 60 - SAVINGS ASSOCIATIONS
Subchapter D - LOANS, INVESTMENTS, SAVINGS, AND DEPOSITS
Division 1 - AUTHORIZED LOANS AND INVESTMENTS
Section 60.304 - Unsecured Loans
Universal Citation: 7 TX Admin Code ยง 60.304
Current through Reg. 49, No. 38; September 20, 2024
(a) A savings association may make unsecured loans or purchase participations in unsecured loans, on the terms and in amounts consistent with the savings association's lending policies, subject to the limitations of this section.
(b) Real estate, personal property, or interests in oil and gas leases may be provided as security for such loans without meeting the requirements of this chapter for real estate or personal property loans, so long as all requirements of this section are met.
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