Texas Finance Code 94.002 – Commercial Loans
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(a) Subject to rules adopted by the finance commission, a savings bank may lend or invest not more than 40 percent of the savings bank’s total assets in commercial loans.
(b) In this section, “commercial loan” means a loan that:
(1) is for business, commercial, corporate, or agricultural purposes;
(2) is not a real property loan; and
(3) is not a qualified thrift asset under Section 92.204.
Terms Used In Texas Finance Code 94.002
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.