An association may charge a penalty for a prepayment of or late payment on a loan.
Tex. Fin. Code § 64.041
PENALTY FOR PREPAYMENT OR LATE PAYMENT
Known as the Texas Savings and Loan Act
The act spans §§ 61–89 (217 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.