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Texas Natural Resources Code - NAT RES § 162.014. Security for the Loan

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

No disbursement of funds on a loan shall be made unless the loan is secured by a mortgage, deed of trust, or other lien on the home. A mortgage retained by or a deed of trust to the board or any other lien may be a participation in a lien securing any other loan for the purchase of the property. Payments to retire the loan shall be made at times determined by the board.

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Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 162.014. Security for the Loan - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-162-014/

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