Texas Finance Code 157.02013 – Secondary Market Transactions
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Terms Used In Texas Finance Code 157.02013
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
This chapter does not prohibit a residential mortgage loan originator sponsored by and conducting business for a registered mortgage banker under this chapter from receiving compensation from a party other than the mortgage applicant for the sale, transfer, assignment, or release of rights on the closing of a mortgage transaction.