Sec. 342.453. ACCEPTANCE OF PREPAYMENT. At any time during regular business hours, the lender shall accept prepayment of a loan in full or, if the amount tendered is less than the amount required to prepay the loan in full, prepayment of an amount equal to one or more full installments.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter J. Authorized Lender's Duties and Authority
Section 342.451. Delivery of Information to Borrower
Section 342.452. Receipt for Cash Payment
Section 342.453. Acceptance of Prepayment
Section 342.454. Return of Instruments to Borrower on Repayment
Section 342.455. Agreement for More Than One Loan or Cash Advance
Section 342.457. Automobile Club Membership Offered in Connection With a Loan