APPLICATION OF PREPAYMENTS TO LOAN INSTALLMENTS.

Tex. FIN Code § 64.042.
in effect
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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
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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