Tex. Fin. Code § 124.152 · Subchapter D. LOAN PAYMENTS
CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A credit union may require a partial prepayment that is made on a loan secured by a lien or mortgage on or other type of security interest in real property to be made:
(1) on the date monthly installments are due; and
(2) in the amount of that part of one or more monthly installments that would be applicable to principal.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.124.htm
- Text hash
- sha256 0f015ac87fdbf1765af8bf0843240d725903d8842588d64ca7e8d28ab94b678c
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 124.152. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.