Sec. 161.502. DEFINITIONS. In this subchapter:
(1) "Lending institution" means a bank, savings bank, savings and loan association, credit union, trust company, mortgage banker, mortgage company, life insurance company, or other financial institution that customarily provides service or aids in the financing of mortgages on single-family residential housing, or a holding company for one of those institutions.
(2) "Loan" means a veterans' land loan made or acquired by the board under this subchapter secured by a mortgage, deed of trust, or other lien on the land purchased with the proceeds of the loan.
Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.
Structure Texas Statutes
Chapter 161 - Veterans Land Board
Section 161.501. Purpose of Subchapter; Construction
Section 161.504. Eligibility for Loan
Section 161.505. Security for Loan
Section 161.506. Initial Payment or Equity
Section 161.507. Loan Payments
Section 161.508. Fees; Interest
Section 161.509. Late Payments; Default Interest Rate
Section 161.510. Combination With Certain Home Loans
Section 161.511. Time Limit on Transfer of Land
Section 161.512. Increase in Interest Rate; Accelerated Repayment
Section 161.513. Foreclosure and Resale
Section 161.514. Sale of Loans
Section 161.515. Certain Rights, Benefits, Conditions, and Obligations Prohibited