Texas Finance Code 124.051 – Open-End Credit Plan
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 124.051
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
A credit union may enter into a written agreement with a member under which:
(1) the member is allowed to borrow money from time to time; and
(2) interest may from time to time be computed on the unpaid balance.