125.403 – RECOVERY OF DOCUMENT PRODUCTION EXPENSES FROM
Texas Finance Code § 125.403
Summary
This law allows credit unions in Texas to recover costs from third parties for producing records, except when costs arise from government audits. It ensures that credit unions are not financially burdened by document production when responding to requests from third parties. This provision primarily affects credit unions and their interactions with third parties requesting records.
Credit unions can recover document production costs from third parties.
Excludes costs related to government audits or examinations.
Applies to both state and federal credit unions operating in Texas.
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In simple terms: Learn about Texas's RECOVERY OF DOCUMENT PRODUCTION EXPENSES FROM 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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