Texas § 64.061 ADVANCES PAID BY ASSOCIATION.

Texas Statutes

§ 64.061 — ADVANCES PAID BY ASSOCIATION.

Texas § 64.061

Code FIFinance Code

This text of Texas § 64.061 (ADVANCES PAID BY ASSOCIATION.) 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. § 64.061 (2026).

Text

Sec. 64.061. ADVANCES PAID BY ASSOCIATION.

(a)An association may pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property that secures a real property loan of the association.

(b)A payment under Subsection (a) is an advance, and the association may:

(1)carry the payment on the association's books as an asset of the association for which the association may charge interest; or

(2)add the payment to the unpaid balance of the loan to which it applies as of the first day of the month in which the payment is made.

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Sec. 64.061. ADVANCES PAID BY ASSOCIATION. (a) An association may pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property that secures a real property loan of the association.
(b) A payment under Subsection (a) is an advance, and the association may:
(1) carry the payment on the association's books as an asset of the association for which the association may charge interest; or
(2) add the payment to the unpaid balance of the loan to which it applies as of the first day of the month in which the payment is made.