Texas Finance Code 124.102 – Collection of Loan Expenses
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Terms Used In Texas Finance Code 124.102
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
A payment authorized by Section 124.101 may be:
(1) collected by the credit union and:
(A) retained by the credit union; or
(B) paid to a person rendering a service in connection with the payment; or
(2) paid directly by the member to the third party to whom it is payable.