Texas Statutes
§ 64.042 — APPLICATION OF PREPAYMENTS TO LOAN INSTALLMENTS.
Texas § 64.042
JurisdictionTexas
Code FIFinance Code
This text of Texas § 64.042 (APPLICATION OF PREPAYMENTS TO LOAN INSTALLMENTS.) 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. § 64.042 (2026).
Text
Sec. 64.042. APPLICATION OF PREPAYMENTS TO LOAN INSTALLMENTS. Unless otherwise agreed in writing, an association shall apply:
(1)a prepayment of principal to the final installment of the obligation until the final installment is fully paid; and
(2)additional prepayments on installments in the inverse order of their maturity.
SUBCHAPTER D. CHARGES RELATING TO REAL PROPERTY LOANS
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Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 64.001
ADOPTION OF RULES.§ 64.002
CONTENT OF RULES.§ 64.003
PROHIBITED TRANSACTIONS.§ 64.022
COLLECTION OF LOAN EXPENSES.§ 64.061
ADVANCES PAID BY ASSOCIATION.§ 64.062
ADVANCES ARE LIEN ON PROPERTY.§ 64.064
RECORD OF CHARGES.§ 64.081
REQUIRED INVESTMENTS.§ 64.083
RULES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 64.042, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/64.042.