7 TAC § 75.303. Non-Real Estate Commercial Loans, DIVISION 1. AUTHORIZED LOANS AND INVESTMENTS
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Texas Administrative Code › Title 7 BANKING AND SECURITIES › Part 4 DEPARTMENT OF SAVINGS AND MORTGAGE LENDING › Chapter 75 SAVINGS BANKS › 7 TAC § 75.303
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A savings bank may lend and invest not more than 40% of its total assets in non-real estate commercial loans for business, corporate, or agricultural purposes. The amount of each letter of credit or other unfunded commitment to make a non-real estate commercial loan must be included in computing this limitation.
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