Texas Government Code 2306.124 – Rules Regarding Housing Developments
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 2306.124
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
The department may adopt and publish rules regarding the:
(1) making of mortgage loans under this subchapter;
(2) regulation of borrowers;
(3) construction of ancillary commercial facilities; and
(4) resale and disposition of real property, or an interest in the property, that is financed by the department.