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Unless otherwise agreed in writing, an association shall apply:
(1) a prepayment of principal to the final installment of the obligation until the final installment is fully paid; and
(2) additional prepayments on installments in the inverse order of their maturity.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 64.042. Application of Prepayments to Loan Installments - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-64-042/
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