Finance Code › Title 3 › Chapter 273 › Subchapter E

Texas Finance Code § 273.403

Advance of Money

Savings and Loan Supplemental Fund Act · Assistance Provided to Member Associations under Conservatorship

(a) The corporation shall advance money on terms the board may establish to directly aid or to provide special services for a member association under conservatorship so the association may continue to operate and maintain solvency.

(b) The corporation may charge interest on the money it advances under this section.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.