Texas Statutes
§ 124.053 — ADDITIONAL LOAN APPLICATION NOT REQUIRED.
Texas § 124.053
JurisdictionTexas
Code FIFinance Code
This text of Texas § 124.053 (ADDITIONAL LOAN APPLICATION NOT REQUIRED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 124.053 (2026).
Text
Sec. 124.053. ADDITIONAL LOAN APPLICATION NOT REQUIRED. An additional loan application is not required under an open-end credit plan under Section 124.051 or line of credit under Section 124.052 if the aggregate obligation does not exceed a limit of the extension of credit the credit union establishes.
SUBCHAPTER C. LOAN EXPENSES
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 124.001
AUTHORIZATION.§ 124.002
LIMITATIONS ON INTEREST RATES.§ 124.003
LIMITATIONS ON LOANS.§ 124.004
WRITTEN INSTRUMENT REQUIRED.§ 124.005
APPLICABILITY OF OTHER LAW.§ 124.051
OPEN-END CREDIT PLAN.§ 124.052
LINE OF CREDIT.§ 124.101
BORROWER PAYMENT OF LOAN EXPENSES.§ 124.102
COLLECTION OF LOAN EXPENSES.§ 124.103
CHARACTER OF EXPENSE OR FEE.§ 124.151
PREPAYMENT PRIVILEGE.§ 124.153
PENALTY FOR LATE PAYMENT.§ 124.201
AUTHORIZATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 124.053, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/124.053.