Issue Date: 1997-09-01
Revised Date: 2020-08-17

Legal Citations

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.

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