Adoption of Rules

Sec. 64.001. ADOPTION OF RULES. (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. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 28, eff. Sept. 1, 2001.