Tex. Fin. Code Section 343.203
Negative Amortization


A high-cost home loan may not provide for a payment schedule with regular periodic payments that cause the principal balance to increase, except that this section does not prohibit negative amortization as a consequence of a temporary forbearance, bridge loan, or restructure sought by the borrower.
Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept. 1, 2001.

Source: Section 343.203 — Negative Amortization, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­343.­htm#343.­203 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 343.203’s source at texas​.gov