{"data":{"id":"us-tx/tex.-finance-code-302.102","jurisdiction":"us-tx","citation":"Tex. Finance Code § 302.102","heading":"PROHIBITION ON PREPAYMENT PENALTY.","body":"If the interest rate on a loan for property that is or is to be the residential homestead of the borrower is greater than 12 percent a year, a prepayment penalty may not be collected on the loan unless the penalty is required by an agency created by federal law.\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.02, eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE A. INTEREST","CHAPTER 302. INTEREST RATES","SUBCHAPTER B. OTHER RATES AND PROVISIONS ON LOANS SECURED BY REAL PROPERTY"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.302.htm#302.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"ed0ec3fbaca2635c96513b6542a3d07d955e7e1d35c5b2e139b78140aa6f31aa","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-302.101","next":"us-tx/tex.-finance-code-302.103"},"notice":"GroundRules: Original legal text. Not legal advice."}