Tex. Fin. Code § 94.153 · Subchapter D. CHARGES RELATING TO REAL PROPERTY LOANS
PAYMENT OF ESTIMATED CHARGES BY BORROWER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To enable the savings bank to pay charges as they become due, a savings bank may require a borrower to pay monthly in advance, in addition to interest and principal, an amount equal to one-twelfth of the estimated annual taxes, assessments, insurance premiums, and other charges on the real property that secures a loan.
(b) A savings bank may increase or decrease the amount of the loan payment as necessary to meet the charges.
(c) A savings bank may:
(1) carry the payments in trust in an account; or
(2) credit the payments to the indebtedness and advance the money for charges as the charges become due.
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 966330144b6bee36c39dc9c849d1072abbedf9ed558f339f973d339a65667ee0
- 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.