A credit union may approve in advance a line of credit and grant advances to a member within the limit of the extension of credit.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 124 › Subchapter B
Texas Finance Code § 124.052
Line of Credit
Loans and Investments · Open-End Credit Plan or Line of Credit
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.