Terms Used In Texas Finance Code Chapter 306 > Subchapter B - Provisions Relating to Specific Types of Commercial Loans or Transactions

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Forbearance: A means of handling a delinquent loan. A
• Month: means a calendar month. See Texas Government Code 312.011
• Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
• Property: means real and personal property. See Texas Government Code 311.005
• Succeeding: means immediately following. See Texas Government Code 312.011
• Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005