Texas § FI.65.011 - LIEN ON SAVINGS ACCOUNT
Full text of Texas The Texas Constitution § FI.65.011 — LIEN ON SAVINGS ACCOUNT, with citation guidance and answers to common questions.
§ FI.65.011. LIEN ON SAVINGS ACCOUNT
LIEN ON SAVINGS ACCOUNT. (a) Without further agreement or pledge, an association or a federal association doing business in this state has a lien on all savings accounts owned by a member to whom or on whose behalf the association has advanced money by loan or otherwise. (b) On default in the payment or satisfaction of the member's obligation, the association, without notice to or consent of the member, may cancel on its books all or part of the member's savings account and apply that amount to payment of the obligation. (c) The association by written instrument may waive its lien in whole or in part on a savings account. (d) The association may take the pledge of a savings account of the association that is owned by a member other than the borrower as additional security for a: (1) loan secured by an account; (2) loan secured by an account and real property; or (3) real property loan. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.65.011
What does The Texas Constitution § FI.65.011 cover?
Section FI.65.011 ("LIEN ON SAVINGS ACCOUNT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.65.011?
A common citation format is "The Texas Constitution § FI.65.011" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.65.011 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.