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Texas Natural Resources Code - NAT RES § 161.505. Security for Loan

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

A disbursement of money on a loan may not be made unless the loan is secured by a mortgage, deed of trust, or other lien on the land purchased with the proceeds of the loan. A mortgage, deed of trust, or other lien may be a participation in a lien securing any other loan for the purchase of the property, including a lien securing a home loan under Chapter 162.

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Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 161.505. Security for Loan - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-161-505/

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