Tex. Est. Code Section 1352.053
Application; Venue

(a)

A parent or managing conservator shall apply to the court under oath for the authority to encumber the residence homestead as provided by this subchapter.

(b)

The application must contain:

(1)

the minor’s name and address;

(2)

a legal description of the property constituting the homestead;

(3)

a description of the minor’s ownership interest in the property constituting the homestead;

(4)

the fair market value of the property constituting the homestead;

(5)

the amount of the home equity loan;

(6)

the purpose or purposes for which the home equity loan is being sought;

(7)

a detailed description of the proposed expenditure of the loan proceeds to be received by the parent or managing conservator on the minor’s behalf; and

(8)

a statement that all loan proceeds received by the parent or managing conservator on the minor’s behalf through a home equity loan authorized under this subchapter shall be used in a manner that is for the minor’s benefit.

(c)

Venue for the application is the same as venue for an application for the appointment of a guardian for a minor.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Source: Section 1352.053 — Application; Venue, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­1352.­htm#1352.­053 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 1352.053’s source at texas​.gov