Texas § FI.64.061 - ADVANCES PAID BY ASSOCIATION
Full text of Texas The Texas Constitution § FI.64.061 — ADVANCES PAID BY ASSOCIATION, with citation guidance and answers to common questions.
§ FI.64.061. ADVANCES PAID BY ASSOCIATION
ADVANCES PAID BY ASSOCIATION. (a) An association may pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property that secures a real property loan of the association. (b) A payment under Subsection (a) is an advance, and the association may: (1) carry the payment on the association's books as an asset of the association for which the association may charge interest; or (2) add the payment to the unpaid balance of the loan to which it applies as of the first day of the month in which the payment is made. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.64.061
What does The Texas Constitution § FI.64.061 cover?
Section FI.64.061 ("ADVANCES PAID BY ASSOCIATION") 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.64.061?
A common citation format is "The Texas Constitution § FI.64.061" (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.64.061 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.