124.302 – GOVERNMENT LOAN PROGRAMS. A credit union may
Texas Finance Code § 124.302
Summary
This law allows credit unions to participate in government-backed loan programs, including those guaranteed by the U.S. or state governments. It also permits involvement in other government loan programs that receive approval from the commission.
Credit unions can engage in U.S. or state government loan programs.
Participation in approved government loan programs is permitted.
The commission must approve any additional loan programs.
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In simple terms: Learn about Texas's GOVERNMENT LOAN PROGRAMS. A credit union may 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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