Tex. Nat. Resources Code Section 162.014
Security for the Loan


No disbursement of funds on a loan shall be made unless the loan is secured by a mortgage, deed of trust, or other lien on the home. A mortgage retained by or a deed of trust to the board or any other lien may be a participation in a lien securing any other loan for the purchase of the property. Payments to retire the loan shall be made at times determined by the board.
Added by Acts 1983, 68th Leg., p. 547, ch. 115, Sec. 1.

Source: Section 162.014 — Security for the Loan, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­162.­htm#162.­014 (accessed Mar. 23, 2024).

Accessed:
Mar. 23, 2024

§ 162.014’s source at texas​.gov