Tex. Finance Code § 64.061
This is the official text of Tex. Finance Code § 64.061, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 64.061. ADVANCES PAID BY ASSOCIATION.
Official statutory text
(a) An association may pay taxes, assessments, insurance premiums, and similar charges for the protection of the association's interest in property that secures a real property loan of the association.
(b) A payment under Subsection (a) is an advance, and the association may:
(1) carry the payment on the association's books as an asset of the association for which the association may charge interest; or
(2) add the payment to the unpaid balance of the loan to which it applies as of the first day of the month in which the payment is made.
(b) A payment under Subsection (a) is an advance, and the association may:
(1) carry the payment on the association's books as an asset of the association for which the association may charge interest; or
(2) add the payment to the unpaid balance of the loan to which it applies as of the first day of the month in which the payment is made.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.