Tex. Fin. Code § 94.102 · 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, a savings bank 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 to 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.94.htm
Text hash: sha256 3da81f2eed1a0c7cc76c29fcca8139372367f19d725e83d14a4bda5b4dd421f4
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.