Texas Finance Code 342.006 – Exemption for Certain Secondary Mortgage Loans
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 342.006
- 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
This chapter does not apply to a secondary mortgage loan made by a seller of property to secure all or part of the unpaid purchase price.