Section 64.063 - 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. 9/1/1997.