Sec. 44.008.  COMPLIANCE.  (a)  On accepting a linked deposit, an eligible lending institution must loan money to eligible borrowers in accordance with the deposit agreement and this chapter.  The eligible lending institution shall forward a compliance report to the board.
(b)  The board shall monitor compliance with this chapter and inform the comptroller of noncompliance on the part of an eligible lending institution.
Added by Acts 1987, 70th Leg., 2nd C.S., ch. 32, art. 1, Sec. 1, eff. Nov. 3, 1987.  Amended by Acts 1995, 74th Leg., ch. 419, Sec. 5.08, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 1010, Sec. 5.10, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1423, Sec. 2.03, eff. Sept. 1, 1997.