Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 64.001 - Adoption of Rules(a) The finance commission shall adopt rules relating to the power of associations operating under this subtitle to make loans and investments.(b) Rules adopted under this section must contain provisions reasonably necessary to ensure that: (1) a loan made by an association is consistent with sound lending practices; and(2) an investment made by an association promotes the purposes of this subtitle.Amended by Acts 2001, 77th Leg., ch. 867, Sec. 28, eff. 9/1/2001. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.