Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 7. BANKING AND SECURITIES |
PART 5. OFFICE OF CONSUMER CREDIT COMMISSIONER |
CHAPTER 83. REGULATED LENDERS AND CREDIT ACCESS BUSINESSES |
SUBCHAPTER A. RULES FOR REGULATED LENDERS |
DIVISION 7. INTEREST AND OTHER CHARGES ON SECONDARY MORTGAGE LOANS |
SECTION 83.708. Balloon Payments
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Balloon payments are authorized in a secondary mortgage loan unless prohibited by other applicable law (for example, the high cost mortgage rules of Regulation Z - Truth in Lending, 12 C.F.R. §1026.32(d)(1), and Texas Finance Code, §343.202).
Source Note: The provisions of this §83.708 adopted to be effective November 9, 2006, 31 TexReg 8994; amended to be effective November 4, 2010, 35 TexReg 9698; amended to be effective July 10, 2014, 39 TexReg 5142