Texas Finance Code Clause Samples

The Texas Finance Code is a set of statutes that governs financial institutions and transactions within the state of Texas. It outlines the regulatory framework for banks, credit unions, lenders, and other financial service providers, detailing licensing requirements, permissible activities, and consumer protections. For example, it may set standards for interest rates, loan disclosures, and debt collection practices. The core function of the Texas Finance Code is to ensure the integrity and stability of the financial system in Texas while protecting consumers and promoting fair business practices.
Texas Finance Code. In no event shall Chapter 346 of the Texas Finance Code (which regulates certain revolving loan accounts and revolving tri-party accounts) apply to this Note. To the extent that Chapter 303 of the Texas Finance Code is applicable to this Note, the “weekly ceiling” specified in such article is the applicable ceiling; provided that, if any applicable law permits greater interest, the law permitting the greatest interest shall apply.
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Texas Finance Code. Borrowers, Agent and Lenders hereby agree that the provisions of Chapter 346 of the Texas Finance Code, as amended (regulating certain revolving credit and revolving tri-party accounts) shall not apply to the Loan Documents.
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Texas Finance Code. The Company and Holder hereby acknowledge and agree that the loan evidenced by this Note is a "qualified commercial loan", as defined in and contemplated by Chapter 306 of the Texas Finance Code. [Signature Page Follows]
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Texas Finance Code. TEXAS FINANCE CODE SECTION 307.052 COLLATERAL PROTECTION INSURANCE NOTICE: (A) BORROWER IS REQUIRED TO: (I) KEEP THE PROPERTY INSURED AGAINST DAMAGE IN THE AMOUNT LENDER SPECIFIES; (II) PURCHASE THE INSURANCE FROM AN INSURER THAT IS AUTHORIZED TO DO BUSINESS IN THE STATE OF TEXAS OR AN ELIGIBLE SURPLUS LINES INSURER; AND (III) NAME LENDER AS THE PERSON TO BE PAID UNDER THE POLICY IN THE EVENT OF A LOSS; (B) BORROWER MUST, IF REQUIRED BY LENDER, DELIVER TO LENDER A COPY OF THE POLICY AND PROOF OF THE PAYMENT OF PREMIUMS; AND
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Related to Texas Finance Code

  • Margin Regulations; Investment Company Act (a) The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. (b) None of the Borrower, any Person Controlling the Borrower, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940.