Texas Natural Resources Code 162.017 – Foreclosure and Resale
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Terms Used In Texas Natural Resources Code 162.017
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
The board shall adopt rules providing for the procedures and the rules for foreclosure and resale of homes financed with a loan under this chapter.