Finance Code › Title 4 › Chapter 342 › Subchapter J

Texas Finance Code § 342.453

Acceptance of Prepayment

Consumer Loans · Authorized Lender's Duties and Authority

At any time during regular business hours, the lender shall accept prepayment of a loan in full or, if the amount tendered is less than the amount required to prepay the loan in full, prepayment of an amount equal to one or more full installments.

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

Official source
Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.