Sec. 2306.292. ELIGIBILITY OF MORTGAGE LOANS FOR PURCHASE. A mortgage loan or interest in a mortgage loan is not eligible for purchase by or on behalf of the department from a mortgage lender unless the mortgage lender certifies that the mortgage loan or interest in the mortgage loan is for a housing development for individuals or families of low and very low income or for families of moderate income.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle G - Economic Development Programs Involving Both State and Local Governments
Chapter 2306 - Texas Department of Housing and Community Affairs
Subchapter M. Housing Finance Division: Purchase and Sale of Mortgage Loans
Section 2306.291. Purchase and Sale of Mortgage Loans
Section 2306.292. Eligibility of Mortgage Loans for Purchase
Section 2306.293. Federally Assisted Mortgage Loans
Section 2306.294. Mortgage Loan Purchase Price
Section 2306.295. Rules Governing Purchase and Sale of Mortgage Loans
Section 2306.296. Review and Substitution of Purchased Mortgage Loans
Section 2306.297. Application of Provisions Relating to Loan Terms and Conditions