A lender may not make a high-cost home loan containing a provision for a prepayment penalty.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 4 › Chapter 343 › Subchapter C
Texas Finance Code § 343.205
Prepayment Penalties Prohibited
Home Loans · High-Cost Home Loans
Legislative history
Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept. 1, 2001.