Texas § FI.64.063 - PAYMENT OF ESTIMATED CHARGES BY BORROWER

Full text of Texas The Texas Constitution § FI.64.063 — PAYMENT OF ESTIMATED CHARGES BY BORROWER, with citation guidance and answers to common questions.

§ FI.64.063. PAYMENT OF ESTIMATED CHARGES BY BORROWER

PAYMENT OF ESTIMATED CHARGES BY BORROWER. (a) To enable the association to pay charges as they become due, an association may require a borrower to pay monthly in advance, in addition to interest or interest and principal, an amount equal to one-twelfth of the estimated annual taxes, assessments, insurance premiums, and other charges on the real property securing a loan. (b) An association may increase or decrease the amount of the loan payment as necessary to meet the charges. (c) An association may: (1) carry payments in trust in an account; or (2) credit the payments to the indebtedness and advance the money for charges as the charges become due. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § FI.64.063

What does The Texas Constitution § FI.64.063 cover?

Section FI.64.063 ("PAYMENT OF ESTIMATED CHARGES BY BORROWER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § FI.64.063?

A common citation format is "The Texas Constitution § FI.64.063" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § FI.64.063 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.