Sec. 343.205. PREPAYMENT PENALTIES PROHIBITED. A lender may not make a high-cost home loan containing a provision for a prepayment penalty.
Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter C. High-Cost Home Loans
Section 343.202. Balloon Payment
Section 343.203. Negative Amortization
Section 343.204. Consideration of Obligor's Payment Ability
Section 343.205. Prepayment Penalties Prohibited
Section 343.206. Charge Prohibited for Product or Service Not Received