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BankersOnline.com Forums State-Specific Compliance Issues Texas Section 26.02 of Texas Business and Commerce Code
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#2166668 - 03/05/18 05:19 PM Section 26.02 of Texas Business and Commerce Code
Cloud9 Offline
100 Club
Joined: Jul 2008
Posts: 208
I understand that this section applies to closed-end loans exceeding $50M. Under this section, the definition of a loan agreement "means one or more promises, promissory notes...." Does this loan agreement definition mean that we need to aggregate all of the borrower's loans, ex: $25M loan and a $30M loan? I am unfamiliar with this law and just don't want to miss something. Thanks in advance for your help.

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#2166984 - 03/07/18 02:16 PM Re: Section 26.02 of Texas Business and Commerce Code Cloud9
Cloud9 Offline
100 Club
Joined: Jul 2008
Posts: 208
Please help!

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#2166989 - 03/07/18 02:22 PM Re: Section 26.02 of Texas Business and Commerce Code Cloud9
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
One at a time.
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