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Tex. Finance Code § 94.002

COMMERCIAL LOANS

Texas · Texas Finance Code · Status: effective

Business & Commerce
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Tex. Finance Code § 94.002, COMMERCIAL LOANS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645689
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(a) Subject to rules adopted by the finance commission, a savings bank may lend or invest not more than 40 percent of the savings bank's total assets in commercial loans. (b) In this section, "commercial loan" means a loan that: (1) is for business, commercial, corporate, or agricultural purposes; (2) is not a real property loan; and (3) is not a qualified thrift asset under Section 92.204.