The illegality of a loan is not a defense in a credit union's action to recover on the loan.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 124 › Subchapter F
Texas Finance Code § 124.251
Illegality of Loan Not a Defense
Loans and Investments · Illegal Loans
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.