Tex. Fin. Code § 64.081

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 64.081 - Required Investments

An association shall maintain in the association's portfolio not less than 15 percent of the association's deposits from its local service area designated under Section 64.082 in:

(1) first and second lien residential mortgage loans or foreclosed residential mortgage loans originated in the association's local service area;

(2) home improvement loans;

(3) interim residential construction loans;

(4) mortgage-backed securities secured by loans in the association's local service area; and

(5) loans for community reinvestment.

Tex. Fin. Code § 64.081

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.