Underwriting Manual: TX

3.80

Credit Unions

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State Supplements

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Underwriting Manual Subtopic
3.80.1

In General

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Credit unions in Texas are governed by Texas Finance Code Sec. 125.400 et seq.

If called upon to issue a mortgagee policy to a credit union, you may safely rely on their representations as to creation, standing, and authority to make real estate loans (under the created, suffered or assumed language of the policy.)