Finance Code › Title 3 › Chapter 124 › Subchapter D

Texas Finance Code § 124.152

Conditions for Prepayment of Loan Secured by Real Property

Loans and Investments · Loan Payments

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.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

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

Sections that refer to this one

§ 124.151