Tex. Fin. Code § 124.152

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 124.152 - Conditions for Prepayment of Loan Secured By Real Property

A credit union may require a partial prepayment that is made on a loan secured by a lien or mortgage on or other type of security interest in real property to be made:

(1) on the date monthly installments are due; and

(2) in the amount of that part of one or more monthly installments that would be applicable to principal.

Tex. Fin. Code § 124.152

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.