Texas Natural Resources Code 161.510 – Combination With Certain Home Loans
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Terms Used In Texas Natural Resources Code 161.510
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
The board may:
(1) permit a person to combine a loan made under this subchapter with:
(A) a housing assistance loan made under Chapter 162 if the portion of the loan made under this subchapter is funded from amounts on deposit in the fund and the portion of the loan made under Chapter 162 is not funded from amounts in the fund; or
(B) in accordance with board rules, a home mortgage loan made under Chapter 164; and
(2) prescribe the amounts of and forms for a combined loan under this section.