Tex. Est. Code Section 1352.056
Use of Proceeds

Proceeds of a home equity loan that is the subject of an application under Section 1352.053 (Application; Venue) that are attributable to the minor’s interest may be spent only to:

(1)

make improvements to the homestead;

(2)

pay for the minor’s education or medical expenses; or

(3)

pay the loan’s outstanding balance.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.

Source: Section 1352.056 — Use of Proceeds, https://statutes.­capitol.­texas.­gov/Docs/ES/htm/ES.­1352.­htm#1352.­056 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 1352.056’s source at texas​.gov