124.301 – PARTICIPATION LOANS. A credit union may market
Texas Finance Code § 124.301
Summary
This law allows credit unions to market and sell participations in loans they originate to other credit unions and financial organizations. It provides a way for credit unions to share their loan portfolios and manage risk more effectively.
Credit unions can sell loan participations to other entities.
Applies to loans originated by the credit union.
Enhances financial collaboration among credit unions and organizations.
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In simple terms: Learn about Texas's PARTICIPATION LOANS. A credit union may market 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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