Tex. Finance Code § 124.003
This is the official text of Tex. Finance Code § 124.003, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 124.003. LIMITATIONS ON LOANS.
Official statutory text
A credit union may not make a loan to a member or a business interest of the member if the loan would cause the aggregate amount of loans to the member and the member's business interests to exceed:
(1) an amount equal to 10 percent of the credit union's total assets; or
(2) a lesser amount established by commission rule.
(1) an amount equal to 10 percent of the credit union's total assets; or
(2) a lesser amount established by commission rule.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.