Amortization of Debt

Sec. 307.053. AMORTIZATION OF DEBT. If any form of amortization is used by the creditor, the creditor shall send to each debtor notice of the terms of the amortization and any change in the debtor's periodic payment. Added by Acts 2001, 77th Leg., ch. 726, Sec. 1, eff. Sept. 1, 2001.