Sec. 94.153.  PAYMENT OF ESTIMATED CHARGES BY BORROWER.  (a)  To enable the savings bank to pay charges as they become due, a savings bank may require a borrower to pay monthly in advance, in addition to interest and principal, an amount equal to one-twelfth of the estimated annual taxes, assessments, insurance premiums, and other charges on the real property that secures a loan.
(b)  A savings bank may increase or decrease the amount of the loan payment as necessary to meet the charges.
(c)  A savings bank may:
(1)  carry the 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. Sept. 1, 1997.