SECTION 60.304. Unsecured Loans

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(a) A savings association may make unsecured loans or purchase participations in unsecured loans, on the terms and in amounts consistent with the savings association's lending policies, subject to the limitations of this section.
(b) Real estate, personal property, or interests in oil and gas leases may be provided as security for such loans without meeting the requirements of this chapter for real estate or personal property loans, so long as all requirements of this section are met.

Source Note: The provisions of this §60.304 adopted to be effective July 16, 2023, 48 TexReg 3644

                    
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