Texas Government Code 1372.003 – “Closing” in Connection With Mortgage Credit Certificates
Current as of: 2024 | Check for updates
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Terms Used In Texas Government Code 1372.003
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The closing of mortgage credit certificates occurs on the date on which an issuer elects not to issue qualified mortgage bonds and to establish a mortgage credit certificate program under Section 25, Internal Revenue Code (26 U.S.C. § 25).