Texas Finance Code 64.022 – Collection of Loan Expenses
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Terms Used In Texas Finance Code 64.022
- 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
An expense payment authorized by Section 64.021 may be:
(1) collected by the association from the borrower and:
(A) retained by the association; or
(B) paid to a person rendering a service for which a charge was made, including an officer, director, or employee of the association rendering the service; or
(2) paid directly by a borrower to the person rendering the service.