Texas Finance Code 64.081 – Required Investments
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Terms Used In Texas Finance Code 64.081
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
An association shall maintain in the association’s portfolio not less than 15 percent of the association’s deposits from its local service area designated under Section 64.082 in:
(1) first and second lien residential mortgage loans or foreclosed residential mortgage loans originated in the association’s local service area;
(2) home improvement loans;
(3) interim residential construction loans;
(4) mortgage-backed securities secured by loans in the association’s local service area; and
(5) loans for community reinvestment.