Texas Attorney General Opinion: S-79 Page: 1 of 4
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T'HE A'rrORNEY GENERAL
JOTHN BEN SHIIEPPRD
ATTORW OMMNERAIOF TEXAS
Asnrw 11. mx AsJuly 31, 1953
Hon. Bascom Giles, Chairman
Veterans' Land Board
Land Office Building
Austin, Texas OpiDear Mr. Giles:
(Overrulu-do . v ..,ff
nion No. S-79Re: Legality of computing in-
terest on veterans' land
loans to the next semi-
annual installment date
when payment in advance
of due date is tendered.You have requested the opinion of this office
on the following veterans' land matter:
"On May 18, 1950, this office executed
a forty year contract with Mr. Joseph P.
Hart for purchase of land through this Pro-
gram. The contract executed between Mr.
Hart and the Veterans' Land Board provided
for semi-annual installments payable on or
before the Ist day of each May and November.
"Under date of September 8, 1952, Mr.
Hart wrote this office that he had made ar-
rangements to pay off his veteran's loan in
the near future, and requested that we for-
ward abstracts of title on the tract of land
for examination purposes. After securing
the required deposit for loan of the abstract,
it was forwarded to Mr. Hart on September 16,
1952. Under date of October 29, 1952, Mr.
Hart made a written request that this office
advise him of the balance due on his contract
together with the daily interest accrual rate.
The request was received in this office on
October 30, 1952, but due to the heavy press
of incoming mpil at that time was not reached
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Texas. Attorney-General's Office. Texas Attorney General Opinion: S-79, text, July 31, 1953; (https://texashistory.unt.edu/ark:/67531/metapth266464/m1/1/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.