Tex.
Fin. Code Section 64.002
Content of Rules
(1)
types of loans an association may originate, make, or sell;(2)
conditions under which an association may originate, make, or sell a loan;(3)
conditions under which an association may purchase or participate in a loan made by another lender;(4)
conditions for servicing a loan for another lender;(5)
conditions under which an association may lend money on the security of a loan made by another lender;(6)
conditions under which an association may pledge a loan held by the association as collateral for money borrowed by the association;(7)
conditions under which an association may invest in securities and debt instruments;(8)
documentation that an association must have in the association’s loan files when the association funds, purchases, or participates in a loan;(9)
the form and content of statements of expenses, fees, and other charges paid, or required to be paid, by a borrower;(10)
title information required to be maintained in force;(11)
insurance coverage required to be provided by a borrower for property that secures a loan;(12)
appraisal reports;(13)
financial statements of borrowers;(14)
fees or other compensation that may be paid to an officer, director, employee, affiliated person, consultant, or third party in connection with procuring a loan for an association;(15)
conditions under which an association may advance money to pay taxes, assessments, insurance premiums, and similar charges for the protection of the association’s interest in property securing a loan;(16)
terms under which an association may acquire and deal in real property;(17)
valuation on an association’s books of real property held by the association;(18)
terms governing an association’s investment in a subsidiary corporation;(19)
powers that may be exercised by a subsidiary of an association; and(20)
any other matter necessary for proper administration of transactions conducted by an association.
Source:
Section 64.002 — Content of Rules, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.64.htm#64.002 (accessed May 18, 2024).
