Texas Estates Code 1352.056 – Use of Proceeds
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Estates Code 1352.056
- Minor: means a person younger than 18 years of age who:
(1) has never been married; and
(2) has not had the disabilities of minority removed for general purposes. See Texas Estates Code 22.022
Proceeds of a home equity loan that is the subject of an application under § 1352.053 that are attributable to the minor‘s interest may be spent only to:
(1) make improvements to the homestead;
(2) pay for the minor’s education or medical expenses; or
(3) pay the loan’s outstanding balance.