Tex. Fin. Code Section 159.103
Failure to Provide Disclosure: Tolling of Limitations

If a wrap lender fails to provide the disclosure statement as required by Section 159.101 (Disclosure Statement; Option to Rescind) or fails to provide the disclosure statement in the language required by Section 159.102 (Foreign Language Requirement), the limitations period applicable to any cause of action of the wrap borrower against the wrap lender arising out of the wrap lender’s violation of a law of this state in connection with the wrap mortgage loan transaction is tolled until the 120th day after the date the required disclosure statement is provided.
Added by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43), Sec. 3, eff. January 1, 2022.

Source: Section 159.103 — Failure to Provide Disclosure: Tolling of Limitations, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­159.­htm#159.­103 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 159.103’s source at texas​.gov