Texas Government Code - GOV'T § 2304.076. Conditions Under Which Loan Becomes Immediately Due

(1) the borrower's housing rehabilitation loan becomes immediately due and payable;  and

(2) an interest surcharge is added sufficient to make the total interest paid equal an amount determined by the prevailing interest rates for rehabilitation loans from private sources at the time of the sale.

(1) the local government finds that the borrower must sell the housing because of financial hardship or similar circumstances;  and

(2) the department consents to the waiver.

(1) declare all or part of any deferred payments due and payable;

(2) declare the balance of the loan due and payable;  or

(3) allow a buyer, donee, or other successor in title who qualifies under Section 2304.062 to assume the loan.