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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 75(R)

HOUSE BILL 3078  

HOUSE AUTHOR: Oliveira

EFFECTIVE: 09-01-97         

SENATE SPONSOR: Sibley

House Bill 3078 amends the Texas Savings Bank Act to grant an institution status as a thrift if it meets the qualified thrift lender test under the federal Home Owners' Loan Act. It also permits the savings and loan commissioner to grant temporary or limited exceptions to the thrift status requirements.