Tex. Nat. Res. Code § 161.507 · Subchapter K. LAND LOANS
LOAN PAYMENTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The final principal payment on a loan shall be made not later than the 40th anniversary of the date of the loan.
(b) The board shall determine the maximum principal amount of loans to the same eligible person that may be outstanding at any time.
(c) Payments on the loan must be made at times determined by the board.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.161.htm
- Text hash
- sha256 eaba83ec6b0d190f467419d127a7e696840b90798974c4796429ca4d8dcc2a69
- 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.