Texas Statutes
Subtitle E - Other Financial Businesses
Chapter 159 - Wrap Mortgage Loan Financing

Subchapter A. General Provisions

Section 159.001. Definitions - Sec. 159.001. DEFINITIONS. In this chapter: (1) "Commissioner" means the...

Section 159.002. Inapplicability of Chapter - Sec. 159.002. INAPPLICABILITY OF CHAPTER. (a) In this section, "unimproved...

Section 159.003. Exemptions - Sec. 159.003. EXEMPTIONS. (a) The following persons are exempt from...

Subchapter B. Licensing or Registration

Section 159.051. License or Registration Required - Sec. 159.051. LICENSE OR REGISTRATION REQUIRED. A person may not...

Subchapter C. Transaction Requirements; Remedies

Section 159.101. Disclosure Statement; Option to Rescind - Sec. 159.101. DISCLOSURE STATEMENT; OPTION TO RESCIND. (a) A wrap...

Section 159.102. Foreign Language Requirement - Sec. 159.102. FOREIGN LANGUAGE REQUIREMENT. If the negotiations that precede...

Section 159.103. Failure to Provide Disclosure: Tolling of Limitations - Sec. 159.103. FAILURE TO PROVIDE DISCLOSURE: TOLLING OF LIMITATIONS. If...

Section 159.104. Failure to Provide Disclosure Before Closing; Right of Rescission - Sec. 159.104. FAILURE TO PROVIDE DISCLOSURE BEFORE CLOSING; RIGHT OF...

Section 159.105. Enforceability of Wrap Lien - Sec. 159.105. ENFORCEABILITY OF WRAP LIEN. A lien securing a...

Section 159.106. Borrower's Right of Action - Sec. 159.106. BORROWER'S RIGHT OF ACTION. (a) A wrap borrower...

Section 159.107. Waiver or Avoidance Prohibited - Sec. 159.107. WAIVER OR AVOIDANCE PROHIBITED. (a) Any purported waiver...

Section 159.108. Rulemaking Authority - Sec. 159.108. RULEMAKING AUTHORITY. The finance commission may adopt and...

Subchapter D. Duties Owed to Wrap Borrower

Section 159.151. Money Held in Trust - Sec. 159.151. MONEY HELD IN TRUST. A person who collects...

Section 159.152. Fiduciary Duty - Sec. 159.152. FIDUCIARY DUTY. A person who collects or receives...

Subchapter E. Wrap Borrower's Rights

Section 159.201. Applicability of Subchapter - Sec. 159.201. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 159.202. Wrap Borrower's Right to Deduct - Sec. 159.202. WRAP BORROWER'S RIGHT TO DEDUCT. The wrap borrower,...

Subchapter F. Enforcement of Certain Registration Requirements

Section 159.251. Applicability of Subchapter - Sec. 159.251. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 159.252. Inspection; Investigation - Sec. 159.252. INSPECTION; INVESTIGATION. (a) The commissioner may conduct an...

Section 159.253. Issuance and Enforcement of Subpoena - Sec. 159.253. ISSUANCE AND ENFORCEMENT OF SUBPOENA. (a) During an...

Subchapter G. Enforcement of Chapter

Section 159.301. Cease and Desist Order - Sec. 159.301. CEASE AND DESIST ORDER. (a) The commissioner, if...