Tex. Fin. Code § 64.042 · Subchapter C. LOAN PAYMENTS

APPLICATION OF PREPAYMENTS TO LOAN INSTALLMENTS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

Unless otherwise agreed in writing, an association shall apply:

(1) a prepayment of principal to the final installment of the obligation until the final installment is fully paid; and

(2) additional prepayments on installments in the inverse order of their maturity.

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.64.htm
Text hash: sha256 827e19d17170f13b9a1a17f0b135ca614e3a1984101c38909777ad872fcd5445
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

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.