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Texas Government Code - GOV'T § 2306.296. Review and Substitution of Purchased Mortgage Loans

Current as of January 01, 2024 | Updated by Findlaw Staff

(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).

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2306.296. Review and Substitution of Purchased Mortgage Loans - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2306-296/

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