Texas Finance Code

§ 307.053 — AMORTIZATION OF DEBT

FI § 307.053Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 307. COLLATERAL PROTECTION INSURANCE · Art. B. REQUIREMENTS FOR COLLATERAL PROTECTION INSURANCE

Statute text

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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.

Legislative history

Added by Acts 2001, 77th Leg., ch. 726, Sec. 1, eff. Sept. 1, 2001.