reglab/housing_qa huggingface dataset:
TX Fin Code § 64.061 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter D. Charges Relating to Real Property Loans|Section 64.061. Advances Paid by Association

Sec. 64.061.  ADVANCES PAID BY ASSOCIATION.  (a)  An association may pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property that secures a real property loan of the association.(b)  A payment under Subsection (a) is an advance, and the association may:(1)  carry the payment on the association's books as an asset of the association for which the association may charge interest;  or(2)  add the payment to the unpaid balance of the loan to which it applies as of the first day of the month in which the payment is made.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.062 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter D. Charges Relating to Real Property Loans|Section 64.062. Advances Are Lien on Property

Sec. 64.062.  ADVANCES ARE LIEN ON PROPERTY.  A payment under Section 64.061 is a lien against the real property that secures the loan for which it is made.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.063 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter D. Charges Relating to Real Property Loans|Section 64.063. Payment of Estimated Charges by Borrower

Sec. 64.063.  PAYMENT OF ESTIMATED CHARGES BY BORROWER.  (a)  To enable the association to pay charges as they become due, an association may require a borrower to pay monthly in advance, in addition to interest or interest and principal, an amount equal to one-twelfth of the estimated annual taxes, assessments, insurance premiums, and other charges on the real property securing a loan.(b)  An association may increase or decrease the amount of the loan payment as necessary to meet the charges.(c)  An association may:(1)  carry payments in trust in an account;  or(2)  credit the payments to the indebtedness and advance the money for charges as the charges become due.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.064 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter D. Charges Relating to Real Property Loans|Section 64.064. Record of Charges

Sec. 64.064.  RECORD OF CHARGES.  An association shall keep a record of the status of taxes, assessments, insurance premiums, and other charges on real property securing the association's loans.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.081 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter E. Investment in Local Service Area|Section 64.081. Required Investments

Sec. 64.081.  REQUIRED INVESTMENTS.  An association shall maintain in the association's portfolio not less than 15 percent of the association's deposits from its local service area designated under Section 64.082 in:(1)  first and second lien residential mortgage loans or foreclosed residential mortgage loans originated in the association's local service area;(2)  home improvement loans;(3)  interim residential construction loans;(4)  mortgage-backed securities secured by loans in the association's local service area;  and(5)  loans for community reinvestment.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.082 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter E. Investment in Local Service Area|Section 64.082. Designation of Local Service Area

Sec. 64.082.  DESIGNATION OF LOCAL SERVICE AREA.  (a)  The commissioner shall designate an association's local service area at the time of the association's incorporation.(b)  Unless the commissioner and the association otherwise agree, an association may rely on the designation of the local service area for the duration of corporate existence as an association.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.083 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter E. Investment in Local Service Area|Section 64.083. Rules

Sec. 64.083.  RULES.  The finance commission shall adopt rules to implement this subchapter, including rules that define the categories of loans and investments described by Section 64.081.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 29, eff. Sept. 1, 2001.|
TX Fin Code § 64.084 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter E. Investment in Local Service Area|Section 64.084. Waivers

Sec. 64.084.  WAIVERS.  The commissioner may grant a limited-term waiver from the requirements of Section 64.081 if quality loans in the categories described by that section are not available in an association's local service area.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter F. Property of Association|Section 64.101. Real Property on Which Association Facility Is Located

Sec. 64.101.  REAL PROPERTY ON WHICH ASSOCIATION FACILITY IS LOCATED.  An association may own real property on which a facility used in connection with the operation of the association is located.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.102 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter F. Property of Association|Section 64.102. Disposal of Other Real Property

Sec. 64.102.  DISPOSAL OF OTHER REAL PROPERTY.  An association shall dispose of real property, other than real property described by Section 64.101, that is acquired by the association in the course of the association's business not later than the fifth anniversary of the date on which it is acquired unless the commissioner extends the time for disposal.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.103 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter F. Property of Association|Section 64.103. Transactions Relating to Association's Real Property

Sec. 64.103.  TRANSACTIONS RELATING TO ASSOCIATION'S REAL PROPERTY.  On authorization by the association's board of directors, an association may sell, convey, exchange for other real property, lease, improve, repair, or mortgage real property.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 64.104 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 64 - Loans and Investments|Subchapter F. Property of Association|Section 64.104. Record of Charges on Real and Personal Property

Sec. 64.104.  RECORD OF CHARGES ON REAL AND PERSONAL PROPERTY.  An association shall keep a record of the status of taxes, assessments, insurance premiums, and other charges on all real and personal property owned by the association.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.001. Limitations on Accounts

Sec. 65.001.  LIMITATIONS ON ACCOUNTS.  The board of directors of an association may limit the number and value of savings accounts the association may accept.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.002. Investment in Accounts

Sec. 65.002.  INVESTMENT IN ACCOUNTS.  (a)  Any person may be the holder of a savings account.(b)  An investment in a savings account may be made only in cash.(c)  A person may invest in a savings account in the person's own right or in a trust or other fiduciary capacity.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.003. Savings Contract

Sec. 65.003.  SAVINGS CONTRACT.  (a)  Each holder of a savings account must execute a savings contract.  The contract must specify:(1)  any special terms applicable to the account;  and(2)  the conditions on which withdrawals may be made.(b)  The association shall hold a savings contract in the records pertaining to the account.(c)  A savings contract pertaining to a savings account of a public or governmental entity must provide that the holder of the account may not become a member of the association.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.004. Evidence of Account

Sec. 65.004.  EVIDENCE OF ACCOUNT.  An association shall issue an account book or certificate to the holder of a savings account as evidence of the account.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.005. Account Ownership

Sec. 65.005.  ACCOUNT OWNERSHIP.  Unless an association has acknowledged in writing a pledge of a savings account, the association may treat the holder of record of the account as the owner of the account for all purposes and is unaffected by notice to the contrary.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.006 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.006. Transfer of Account

Sec. 65.006.  TRANSFER OF ACCOUNT.  (a)  A savings account may be transferred only on the books of an association on presentation to the association of:(1)  evidence of transfer satisfactory to the association;  and(2)  an application for transfer by the transferee.(b)  A transferee accepts an account subject to the terms of the:(1)  savings contract;  and(2)  association's charter and bylaws.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.007 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.007. Lost or Destroyed Account Book or Certificate

Sec. 65.007.  LOST OR DESTROYED ACCOUNT BOOK OR CERTIFICATE.  (a)  An association may issue a new account book or certificate in the name of the holder of record of a savings account if:(1)  the holder or the holder's legal representative requests;  and(2)  proof is presented satisfactory to the association that the original book or certificate is lost or destroyed.(b)  A new account book or certificate must expressly state that:(1)  it is issued to replace a lost or destroyed account book or certificate;  and(2)  the association may not be held liable on the original account book or certificate.(c)  An association may require indemnification against any loss resulting from issuing a new account book or certificate.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.008 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.008. Account Withdrawals

Sec. 65.008.  ACCOUNT WITHDRAWALS.  (a)  A savings account holder at any time may present a written order for withdrawal of all or part of the holder's account except to the extent the account is pledged to the association or to another person on the association's books.(b)  The association may:(1)  pay in full a withdrawal order as presented;  and(2)  collect an early withdrawal penalty provided by the certificate or contract applicable to the account.(c)  With the approval of the Finance Commission of Texas and the governor, the commissioner may impose a uniform limitation on amounts withdrawable from savings accounts of associations if that limitation is necessary in the public interest.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.009 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.009. Interest or Dividends Paid on Accounts

Sec. 65.009.  INTEREST OR DIVIDENDS PAID ON ACCOUNTS.  (a)  An association whose bylaws contain the provision authorized by Section 65.012 may contract to pay interest on savings accounts.(b)  An association whose bylaws do not contain the provision authorized by Section 65.012 may pay earnings on savings accounts in the form of dividends declared by the association's board.(c)  An association shall compute and pay interest and dividends according to rules of the finance commission.(d)  An association shall credit a dividend to a savings account on the association's books unless the account holder requests and the association has agreed that the association will pay dividends on the account in cash.(e)  An association may pay a cash dividend by check or bank draft.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 30, eff. Sept. 1, 2001.|
TX Fin Code § 65.010 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.010. Redemption of Savings Account

Sec. 65.010.  REDEMPTION OF SAVINGS ACCOUNT.  (a)  An association may redeem in the manner the board determines all or part of its savings accounts if the association:(1)  redeems the accounts on a dividend date;(2)  not later than the 31st day before the redemption date, gives notice of the redemption by certified mail to each affected account holder at the holder's last address as recorded on the books of the association;  and(3)  not later than the redemption date, sets aside the amount necessary for the redemption and keeps the amount available for redemption.(b)  The redemption price of a savings account is the withdrawal value of the account.(c)  All rights, including the accrual of earnings, that relate to a deposit account called for redemption, other than the right of the account holder of record to receive the redemption price, terminate as of the redemption date.(d)  An association may not redeem any of its savings accounts if the association:(1)  is subject to supervisory control, a conservatorship, or a receivership action under Chapter 66, unless the commissioner directs the redemption;  or(2)  has applications for withdrawal that have been on file for more than 30 days and have not been paid.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.011 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.011. Lien on Savings Account

Sec. 65.011.  LIEN ON SAVINGS ACCOUNT.  (a)  Without further agreement or pledge, an association or a federal association doing business in this state has a lien on all savings accounts owned by a member to whom or on whose behalf the association has advanced money by loan or otherwise.(b)  On default in the payment or satisfaction of the member's obligation, the association, without notice to or consent of the member, may cancel on its books all or part of the member's savings account and apply that amount to payment of the obligation.(c)  The association by written instrument may waive its lien in whole or in part on a savings account.(d)  The association may take the pledge of a savings account of the association that is owned by a member other than the borrower as additional security for a:(1)  loan secured by an account;(2)  loan secured by an account and real property;  or(3)  real property loan.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.012 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.012. Priority of Accounts; Notice of Withdrawal

Sec. 65.012.  PRIORITY OF ACCOUNTS;  NOTICE OF WITHDRAWAL.  (a)  An association's bylaws may provide that on voluntary or involuntary liquidation, dissolution, or winding up of the association, or in any other situation in which the priority of savings accounts is in controversy, all savings accounts are, to the extent of their withdrawal value, debts of the association having the same priority as the claims of general creditors of the association not having priority, other than a priority resulting from consensual subordination, over claims of other general creditors of the association.(b)  An association's bylaws may require not more than 60 days' notice before the date a withdrawal application may be paid.(c)  An association that requires notice of withdrawal and does not pay a withdrawal application by the end of the notice period is considered to be subject to supervisory control, a conservatorship, or a receivership proceeding under Chapter 66.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.013 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter A. General Provisions|Section 65.013. Account as Legal Investment

Sec. 65.013.  ACCOUNT AS LEGAL INVESTMENT.  (a)  Each of the following persons may invest money held by the person in a savings account of an association or a federal association:(1)  any fiduciary, including an administrator, executor, guardian, or trustee;(2)  a political subdivision or instrumentality of this state;(3)  an insurance company doing business in this state;(4)  a business or nonprofit corporation;(5)  a charitable or educational corporation or association;  and(6)  a financial institution, including a bank or credit union.(b)  An investment by an insurance company in a savings account is eligible for tax reducing purposes under Chapter 221, Insurance Code.(c)  An investment by a school district in a savings account insured by the Federal Deposit Insurance Corporation is considered to meet the requirements of Section 45.102, Education Code.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.109, eff. September 1, 2005.|
TX Fin Code § 65.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 65.101. Account Held by Minor

Sec. 65.101.  ACCOUNT HELD BY MINOR.  (a)  An association or a federal savings and loan association doing business in this state may accept a savings account from a minor as the sole and absolute owner of the account.(b)  On the minor's order the association may:(1)  pay withdrawals;(2)  accept pledges to the association;  and(3)  act in any other manner with respect to the account.(c)  Subject to Subsection (e), a payment or delivery of rights to a minor, or an acquittance signed by a minor who holds a savings account, is a discharge of the association for that payment or delivery.(d)  If the association requires a minor to furnish an acquittance or pledge or take other action with respect to the minor's savings account, that action is binding on the minor as if the minor had the capacity of an adult.(e)  If a parent or guardian of a minor informs the association in writing that the minor is not to have the authority to control the minor's savings account, the minor may not control the account during the minority without the joinder of the parent or guardian.(f)  If a minor dies, the acquittance of a parent or guardian of the minor discharges the association for amounts that in the aggregate do not exceed $1,000.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 65.102 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 65 - Savings Accounts|Subchapter B. Provisions Applicable to Specific Types of Accounts|Section 65.102. Account Held by More Than One Person

Sec. 65.102.  ACCOUNT HELD BY MORE THAN ONE PERSON.  (a)  If a savings account is opened in an association or a federal savings and loan association doing business in this state in the names of more than one person, whether the persons are minors or adults, and the savings contract specifies that money in the account may be paid to or on the order of any one of the account holders, the association may pay the money in the account to or on the order of any one of the account holders before or after the death of any of the other account holders.  An association has no further liability for a payment made under this subsection.(b)  If a savings contract specifies that a check, receipt, or withdrawal order requires the signature of more than one of the account holders or of more than one of the surviving account holders after the death of an account holder, the association shall pay the money in the account according to the terms of the savings contract.(c)  If a savings account holder gives written notification to the association not to permit withdrawals according to the terms of the savings contract, the association may refuse, without liability, to honor any check, receipt, or withdrawal request on the account pending a determination of the rights of the account holders.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|