Tex. Fin. Code § 94.053

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

Section 94.053 - Collection of Loan Expenses

An expense payment authorized by this subchapter may be:

(1) collected by the savings bank from the borrower and:

(A) retained by the savings bank; or

(B) paid to a person rendering a service for which a charge was made, including an officer, director, or employee of the savings bank rendering the service; or

(2) paid directly by the borrower to the person rendering the service.

Tex. Fin. Code § 94.053

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