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(a) The finance commission shall adopt rules relating to the power of associations operating under this subtitle to make loans and investments.
(b) Rules adopted under this section must contain provisions reasonably necessary to ensure that:
(1) a loan made by an association is consistent with sound lending practices; and
(2) an investment made by an association promotes the purposes of this subtitle.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 64.001. Adoption of Rules - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-64-001/
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