Texas Statutes
§ 124.152 — CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY.
Texas § 124.152
JurisdictionTexas
Code FIFinance Code
This text of Texas § 124.152 (CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 124.152 (2026).
Text
Sec. 124.152. CONDITIONS FOR PREPAYMENT OF LOAN SECURED BY REAL PROPERTY. 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.
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 124.001
AUTHORIZATION.§ 124.002
LIMITATIONS ON INTEREST RATES.§ 124.003
LIMITATIONS ON LOANS.§ 124.004
WRITTEN INSTRUMENT REQUIRED.§ 124.005
APPLICABILITY OF OTHER LAW.§ 124.051
OPEN-END CREDIT PLAN.§ 124.052
LINE OF CREDIT.§ 124.101
BORROWER PAYMENT OF LOAN EXPENSES.§ 124.102
COLLECTION OF LOAN EXPENSES.§ 124.103
CHARACTER OF EXPENSE OR FEE.§ 124.151
PREPAYMENT PRIVILEGE.§ 124.153
PENALTY FOR LATE PAYMENT.§ 124.201
AUTHORIZATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 124.152, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/124.152.