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.