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Tex. Finance Code § 124.051

OPEN-END CREDIT PLAN

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 124.051, OPEN-END CREDIT PLAN, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645971
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A credit union may enter into a written agreement with a member under which: (1) the member is allowed to borrow money from time to time; and (2) interest may from time to time be computed on the unpaid balance.