{"data":{"id":"us-tx/tex.-finance-code-306.005","jurisdiction":"us-tx","citation":"Tex. Finance Code § 306.005","heading":"PREPAYMENT PREMIUMS AND SIMILAR AMOUNTS.","body":"With respect to a loan subject to this chapter, a creditor and an obligor may agree to a prepayment premium, make-whole premium, or similar fee or charge, whether payable in the event of voluntary prepayment, involuntary prepayment, acceleration of maturity, or other cause that involves premature termination of the loan, and those amounts do not constitute interest.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.\nAmended by:\nActs 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.12, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE A. INTEREST","CHAPTER 306. COMMERCIAL TRANSACTIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.306.htm#306.005","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"e6a34b5a066ab268cfecfc4b07d0b0146ca85989a9e0b3d2b453c6b23192ca51","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-306.004","next":"us-tx/tex.-finance-code-306.006"},"notice":"GroundRules: Original legal text. Not legal advice."}