{"data":{"id":"us-tx/tex.-finance-code-64.063","jurisdiction":"us-tx","citation":"Tex. Finance Code § 64.063","heading":"PAYMENT OF ESTIMATED CHARGES BY BORROWER.","body":"(a) To enable the association to pay charges as they become due, an association may require a borrower to pay monthly in advance, in addition to interest or interest and principal, an amount equal to one-twelfth of the estimated annual taxes, assessments, insurance premiums, and other charges on the real property securing a loan.\n(b) An association may increase or decrease the amount of the loan payment as necessary to meet the charges.\n(c) An association may:\n(1) carry payments in trust in an account; or\n(2) credit the payments to the indebtedness and advance the money for charges as the charges become due.\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 D. CHARGES RELATING TO REAL PROPERTY LOANS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.64.htm#64.063","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"1c4703ebf4fc3e4923681acf1cb476042c6412e1b73b9cc55baac82d4a60713d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-64.062","next":"us-tx/tex.-finance-code-64.064"},"notice":"GroundRules: Original legal text. Not legal advice."}