Sec. 159.105. ENFORCEABILITY OF WRAP LIEN. A lien securing a wrap mortgage loan is void unless the wrap mortgage loan and the conveyance of the residential real estate securing the loan are closed by an attorney or a title company.
Added by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43), Sec. 3, eff. January 1, 2022.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle E - Other Financial Businesses
Chapter 159 - Wrap Mortgage Loan Financing
Subchapter C. Transaction Requirements; Remedies
Section 159.101. Disclosure Statement; Option to Rescind
Section 159.102. Foreign Language Requirement
Section 159.103. Failure to Provide Disclosure: Tolling of Limitations
Section 159.104. Failure to Provide Disclosure Before Closing; Right of Rescission
Section 159.105. Enforceability of Wrap Lien
Section 159.106. Borrower's Right of Action