Tex. Fin. Code § 343.203

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 343.203 - Negative Amortization

A high-cost home loan may not provide for a payment schedule with regular periodic payments that cause the principal balance to increase, except that this section does not prohibit negative amortization as a consequence of a temporary forbearance, bridge loan, or restructure sought by the borrower.

Tex. Fin. Code § 343.203

Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. 9/1/2001.