124.005 – APPLICABILITY OF OTHER LAW. Subtitle B, Title 4,
Texas Finance Code § 124.005
Summary
This law clarifies that Subtitle B, Title 4 does not automatically apply to credit union loans unless the loan agreement explicitly states otherwise. This affects credit unions and their lending practices, ensuring they understand when this subtitle is applicable.
Subtitle B, Title 4 is not automatically applicable to credit union loans.
Applicability depends on specific language in the loan agreement.
Credit unions must be aware of these stipulations in their lending agreements.
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In simple terms: Learn about Texas's APPLICABILITY OF OTHER LAW. Subtitle B, Title 4, 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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