Texas Government Code 2306.182 – Loans to Lenders
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 2306.182
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The department may make loans to mortgage lenders, public agencies, or other housing sponsors and use the proceeds to make loans for multifamily housing developments that will be substantially occupied by individuals and families of low and very low income or families of moderate income.