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Texas Natural Resources Code

§ 161.507 — LOAN PAYMENTS

NR § 161.507Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. K. LAND LOANS

Statute text

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(a)The final principal payment on a loan shall be made not later than the 40th anniversary of the date of the loan.
(b)The board shall determine the maximum principal amount of loans to the same eligible person that may be outstanding at any time.
(c)Payments on the loan must be made at times determined by the board.

Legislative history

Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.

Source: Texas Natural Resources Code § 161.507 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.