{"data":{"id":"us-tx/tex.-finance-code-94.153","jurisdiction":"us-tx","citation":"Tex. Finance Code § 94.153","heading":"PAYMENT OF ESTIMATED CHARGES BY BORROWER.","body":"(a) To enable the savings bank to pay charges as they become due, a savings bank may require a borrower to pay monthly in advance, in addition to interest and principal, an amount equal to one-twelfth of the estimated annual taxes, assessments, insurance premiums, and other charges on the real property that secures a loan.\n(b) A savings bank may increase or decrease the amount of the loan payment as necessary to meet the charges.\n(c) A savings bank may:\n(1) carry the 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 C. SAVINGS BANKS","CHAPTER 94. LOANS AND INVESTMENTS","SUBCHAPTER D. CHARGES RELATING TO REAL PROPERTY LOANS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.94.htm#94.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"3892198c48ddcdbb913a2b37404c68456b769e2ff21ea3ea5f946a998bbc999a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-94.152","next":"us-tx/tex.-finance-code-94.154"},"notice":"GroundRules: Original legal text. Not legal advice."}