Prepayment Penalties Prohibited

Tex. Finance Code § 343.205, under Chapter 343.

Tex. Finance Code § 343.205

Sec. 343.205. PREPAYMENT PENALTIES PROHIBITED. A lender may not make a high-cost home loan containing a provision for a prepayment penalty. Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept. 1, 2001.