Participation Loans

Tex. Finance Code § 124.301, under Loans and Investments.

Tex. Finance Code § 124.301

Sec. 124.301. PARTICIPATION LOANS. A credit union may market and sell participations in loans to members originated by the credit union to another credit union, corporation, or financial organization. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.