Tex. Finance Code § 124.152
CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 124.152, CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645980
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Full text
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.