Charge Prohibited for Product or Service Not Received

Home Loans · High-Cost Home Loans

A lender, in connection with a high-cost home loan, may not charge a borrower an amount for a service or product if the borrower does not receive the service or product.

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

Official source

Legislative history

Added by Acts 2003, 78th Leg., ch. 1207, Sec. 3, eff. Sept. 13, 2003.