| Issue Date: | 1997-09-01 |
|---|---|
| Revised Date: | 2020-08-17 |
Legal Citations
- Finance Code sec. 342.201(f), sec. 342.308(c)
Object Type
Cash — Business Regulation
Origin Date
September 1, 1997 by S.B. 251, 75th Leg., R.S.
Description
A financial institution may charge an administrative fee for non-real property loans and secondary mortgage loans in amounts set by Finance Code, Ch. 342 or by Texas Finance Commission rule. For each fee collected, $1 for non-real property loans and 50 cents for secondary mortgage loans may be deposited with the Comptroller.
Due Date
At time of receipt.
Collecting Agencies
Deposit Funds
Note
Amended by H.B. 2338, 76th Leg., R.S.,
Amended by S.B. 272, 77th Leg., R.S.
Amended by H.B. 3378, 78th Leg., R.S.
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | LOAN ADMINISTRATION FEES |
| Receipt Category | 03 – Business Regulation |
| Receipt Type | 30 – State Service Fees |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 01 – LICENSES, FEES, FINES, AND PENALTIES |