SECTION 177.8. Loan Agreements

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Before providing financing to a person, the bank will enter into an agreement with the person that will set forth the terms and conditions of the loan. The agreement must ensure the proper use of funds and will include, but is not limited to, provisions for collateral to secure the loan, reporting requirements, and repayments.

Source Note: The provisions of this §177.8 adopted to be effective May 29, 2005, 30 TexReg 3089

                    
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