123.105 – FEES. (a) A credit union may collect a fee,
Texas Finance Code § 123.105
Summary
This law allows credit unions to charge fees for specific services and administrative costs, such as returned checks or stop payment orders. It clarifies that these fees are separate from interest charges and are considered administrative expenses.
Credit unions can charge fees for returned checks and similar services.
Fees are determined by the credit union's board.
These fees are classified as administrative expenses, not interest.
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In simple terms: Learn about Texas's FEES. (a) A credit union may collect a fee, law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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