Texas § 481.457 OVERSIGHT.

Texas Statutes

§ 481.457 — OVERSIGHT.

Texas § 481.457

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 481.457 (2026).

Text

Sec. 481.457. OVERSIGHT.

(a)A community development financial institution participating in the program shall report quarterly to the bank:

(1)the names of micro-businesses that have received a disaster recovery loan;

(2)the current balance of all outstanding disaster recovery loans;

(3)the default rate on existing disaster recovery loans; and

(4)any other information the bank requires.

(b)A community development financial institution participating in the program shall prepare a detailed financial statement each quarter and provide a copy to the bank.

(c)A community development financial institution shall allow the bank to inspect the institution's financial records on request for purposes that relate to loans under the program. SUBCHAPTER DD. DEFENSE COMMUNITY ASSISTANCE

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Sec. 481.457. OVERSIGHT. (a) A community development financial institution participating in the program shall report quarterly to the bank:
(1) the names of micro-businesses that have received a disaster recovery loan;
(2) the current balance of all outstanding disaster recovery loans;
(3) the default rate on existing disaster recovery loans; and
(4) any other information the bank requires.
(b) A community development financial institution participating in the program shall prepare a detailed financial statement each quarter and provide a copy to the bank.
(c) A community development financial institution shall allow the bank to inspect the institution's financial records on request for purposes that relate to loans under the program.
SUBCHAPTER DD. DEFENSE COMMUNITY ASSISTANCE