CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY
Known as the Texas Credit Union Act
The act spans §§ 121–149 (219 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
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 source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.