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BankersOnline.com Forums State-Specific Compliance Issues Texas CD Secured Loans
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#2292869 - 01/26/24 02:08 PM CD Secured Loans
Nascar Fan Offline
Member
Joined: Oct 2001
Posts: 95
East Texas
Are there any Texas laws that regulate the spread on a loan secured by a certificate of deposit? Borrower is request 1% over CD rate when our normal internal policy is 2% over. Thanks

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#2292872 - 01/26/24 02:16 PM Re: CD Secured Loans Nascar Fan
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 85,443
Galveston, TX
None of which I am aware, you just have to weigh the fair lending considerations.
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#2292890 - 01/26/24 04:45 PM Re: CD Secured Loans Nascar Fan
Nascar Fan Offline
Member
Joined: Oct 2001
Posts: 95
East Texas
Thank you Randy, I appreciate your help!

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