{"data":{"id":"us-tx/tex.-finance-code-64.042","jurisdiction":"us-tx","citation":"Tex. Finance Code § 64.042","heading":"APPLICATION OF PREPAYMENTS TO LOAN INSTALLMENTS.","body":"Unless otherwise agreed in writing, an association shall apply:\n(1) a prepayment of principal to the final installment of the obligation until the final installment is fully paid; and\n(2) additional prepayments on installments in the inverse order of their maturity.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 64. LOANS AND INVESTMENTS","SUBCHAPTER C. LOAN PAYMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.64.htm#64.042","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"578afc493b43950a6981e399db5a4e7da9c0495baf91e3c3fbd1f83e4ab96541","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-64.041","next":"us-tx/tex.-finance-code-64.061"},"notice":"GroundRules: Original legal text. Not legal advice."}