Finance Code § 123.111
A credit union may take actions reasonably necessary to avoid or reduce a loss, including investing money, operating a business, or managing property, if the loss relates to a good-faith loan, investment, or obligation and the action is authorized by this subtitle or a commission rule.
- Jurisdiction
- United States — Texas
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- Code
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- Language
- en
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credit union powers loss mitigation
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Finance Code § 123.111
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