Tex. Gov't Code § 2306.296

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2306.296 - Review and Substitution of Purchased Mortgage Loans

(a) The department shall review each mortgage loan purchased or financed by the department to determine if the loan meets:

(1) the conditions of this chapter;

(2) the department's rules; and

(3) any commitment made with the mortgage lender to purchase mortgage loans.

(b) The department may require the substitution of another mortgage loan if it determines that a loan does not comply with the criteria of Subsection (a).

Tex. Gov't. Code § 2306.296

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.