Texas § FI.124.202 - CONDITIONS OF LOANS
Full text of Texas The Texas Constitution § FI.124.202 — CONDITIONS OF LOANS, with citation guidance and answers to common questions.
§ FI.124.202. CONDITIONS OF LOANS
CONDITIONS OF LOANS. A loan or extension of a line of credit under Section 124.201 : (1) must comply with this subtitle and rules adopted under this subtitle with respect to loans to other borrowers; (2) may not be on terms more favorable than those extended to other borrowers; and (3) must be approved by the board before the credit union makes or agrees to make the loan if the aggregate amount of the loan and other outstanding loans to the person, the person's business interests, and the person's immediate family is greater than the sum of: (A) $10,000 or a higher amount established by commission rule; and (B) the amount of the shares and deposits pledged for the 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.124.202
What does The Texas Constitution § FI.124.202 cover?
Section FI.124.202 ("CONDITIONS OF LOANS") 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.124.202?
A common citation format is "The Texas Constitution § FI.124.202" (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.124.202 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.