Tex. Fin. Code § 64.061 · Subchapter D. CHARGES RELATING TO REAL PROPERTY LOANS
ADVANCES PAID BY ASSOCIATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An association may pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property that secures a real property loan of the association.
(b) A payment under Subsection (a) is an advance, and the association may:
(1) carry the payment on the association's books as an asset of the association for which the association may charge interest; or
(2) add the payment to the unpaid balance of the loan to which it applies as of the first day of the month in which the payment is made.
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 934a8c6949bed12c28a247c4588ae6e0e7017f72483860f9071eb1ec0880e473
- 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 § 64.061. 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.