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Tex. Finance Code § 62.153

INSURANCE OF SAVINGS ACCOUNTS

Texas · Texas Finance Code · Status: effective

Banking, Finance & Insurance
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Tex. Finance Code § 62.153, INSURANCE OF SAVINGS ACCOUNTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645328
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(a) An association may obtain insurance for its savings accounts from the Federal Deposit Insurance Corporation. (b) Only if the account is insured by the Federal Deposit Insurance Corporation may a person advertise, represent, or offer to accept a savings account in this state as: (1) an insured or guaranteed account; or (2) the savings account of an insured or guaranteed institution.