Sec. 1352.107. ANNUAL ACCOUNTING. A guardian of the person executing a home equity loan on a minor ward's behalf must account for the transaction, including the expenditure of the loan proceeds, in the annual account required by Subchapter A, Chapter 1163.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014.
Structure Texas Statutes
Title 3 - Guardianship and Related Procedures
Subtitle I - Other Special Proceedings and Substitutes for Guardianship
Chapter 1352 - Mortgage of Minor's Interest in Residence Homestead
Subchapter C. Mortgage of Minor Ward's Interest Without Guardianship of the Estate
Section 1352.101. Applicability of Subchapter
Section 1352.102. Authority to Mortgage Minor Ward's Interest Without Guardianship of the Estate
Section 1352.103. Application; Venue
Section 1352.104. Hearing; Requirements to Mortgage Minor Ward's Interest
Section 1352.105. Surety Bond; Discharge of Sureties
Section 1352.106. Use of Proceeds
Section 1352.107. Annual Accounting
Section 1352.108. Disaffirmation of Home Equity Loan Prohibited