A credit union may approve in advance a line of credit and grant advances to a member within the limit of the extension of credit.
Tex. Fin. Code § 124.052
LINE OF CREDIT
Known as the Texas Credit Union Act
The act spans §§ 121–149 (219 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.