(a) The savings and mortgage lending commissioner shall appoint one or more deputy savings and mortgage lending commissioners.
(b) One deputy savings and mortgage lending commissioner must have the qualifications required of the savings and mortgage lending commissioner. During the savings and mortgage lending commissioner’s absence or inability to serve, that deputy savings and mortgage lending commissioner has the powers and shall perform the duties of the savings and mortgage lending commissioner.

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Terms Used In Texas Finance Code 13.003

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.