Sec. 343.206. CHARGE PROHIBITED FOR PRODUCT OR SERVICE NOT RECEIVED. A lender, in connection with a high-cost home loan, may not charge a borrower an amount for a service or product if the borrower does not receive the service or product.
Added by Acts 2003, 78th Leg., ch. 1207, Sec. 3, eff. Sept. 13, 2003.
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