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Texas Natural Resources Code - NAT RES § 162.001. Definitions

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(a) In this chapter:

(1) “Board” means the Veterans' Land Board.

(2) “Fund” means the veterans' housing assistance fund.

(3) “Home” means a dwelling within this state in which a veteran intends to reside as the veteran's principal residence.

(4) “Lending institution” means a bank, trust company, savings bank, national banking association, savings and loan association, building and loan association, mortgage banker, mortgage company, credit union, life insurance company, or other financial institution that customarily provides service or aids in the financing of mortgages on single-family residential housing which has been approved for participation in the program by the board.  The term includes a holding company for any of the foregoing.

(5) “Loan” means a veterans' housing assistance loan made or acquired by the board under this chapter secured by a mortgage on a veteran's home.

(6) “Program” means the Veterans' Housing Assistance Program.

(7) “Commission” means the Texas Veterans Commission.

(8) “Veteran” has the meaning assigned by Section 161.001.

(9) “Veterans' housing assistance fund” means the Veterans' Housing Assistance Fund established under Article III, Section 49-b-1, of the Texas Constitution or the Veterans' Housing Assistance Fund II established under Article III, Section 49-b-2, of the Texas Constitution.  Each fund shall be separate and distinct from the other fund and the provisions of this chapter dealing with the fund shall relate to each fund separately and to the separate assets, liabilities, and administration of each fund.

Cite this article: - Texas Natural Resources Code - NAT RES § 162.001. Definitions - last updated April 14, 2021 |

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