SECTION 83.705. Amounts Authorized to Be Charged After Consummation

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(a) Generally. A secondary mortgage loan contract may provide for any one or more of the four listed categories of charges set forth in Texas Finance Code, §342.307. These charges may then be assessed and collected by an authorized lender after consummation of the loan if appropriately included in the contract.
(b) Check return fee. An authorized lender may contract for, assess, or collect the fee authorized by Texas Business and Commerce Code, §3.506, on a secondary mortgage loan.

Source Note: The provisions of this §83.705 adopted to be effective November 9, 2006, 31 TexReg 8994; amended to be effective November 4, 2010, 35 TexReg 9698

                    
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