Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 8 - JOINT FINANCIAL REGULATORY AGENCIES
Chapter 153 - HOME EQUITY LENDING
Section 153.85 - Time the Extension of Credit is Established: Section 50(t)(4)
Universal Citation: 7 TX Admin Code ยง 153.85
Current through Reg. 49, No. 12; March 22, 2024
(a) A HELOC is a form of an open-end account that may be debited from time to time, under which credit may be extended from time to time and under which fees described in Section 50(a)(6)(E) are charged and collected only at the time the extension of credit is established and no fee is charged or collected in connection with any debit or advance.
(b) For the purpose of this section, the time the extension of credit is established for a HELOC refers to the date of closing.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
