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This page was modified on 9/8/2006
Loan to Candidate
 
Question:  A candidate for the Texas legislature is a customer of the bank.  She has come in for a loan for her campaign.  Does that raise any legal questions?
 
Answer:  This is permitted under the Texas election laws, provided that the loan is on normal terms and conditions and rates.  If you gave a favorable interest rate or terms, then that could be construed as an in-kind contribution.  So handle this at arms length and you are okay.


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If you would like to comment on legislative topics or if you have questions about this information please call our public affairs expert, Mae Beth Palone at (800) 749-4228 or E-mail mbpalone@ibat.org.

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