Tex. Fin. Code Section 302.102
Prohibition on Prepayment Penalty

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.
Amended 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.

Source: Section 302.102 — Prohibition on Prepayment Penalty, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­302.­htm#302.­102 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 302.102’s source at texas​.gov