Sec. 342.003. PURCHASE FROM MORTGAGEE. For the purposes of this chapter, a purchase from a mortgagee of an interest in a secondary mortgage loan that was made to secure that loan is treated as if it were a secondary mortgage loan.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter A. General Provisions; Applicability of Chapter
Section 342.002. Interest Computation Methods
Section 342.003. Purchase From Mortgagee
Section 342.005. Applicability of Chapter
Section 342.006. Exemption for Certain Secondary Mortgage Loans
Section 342.007. Deferred Presentment Transaction
Section 342.008. Attempt to Evade Law
Section 342.009. Return of Property in Sale-Leaseback Transaction