Sec. 3502.106. CLAIM AGAINST RESIDENTIAL BORROWER. A mortgage guaranty insurance policy may not contain a provision that allows subrogation rights or any other claim by the insurer against the borrower for a deficiency arising from a foreclosure sale of a single-family dwelling that is occupied by the borrower as the borrower's principal residence.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.
Structure Texas Statutes
Chapter 3502 - Mortgage Guaranty Insurance
Section 3502.101. Rate Filings
Section 3502.102. Rate Standards
Section 3502.103. Recording and Reporting of Loss and Expense Experience and Other Data
Section 3502.104. Policy Form Filings
Section 3502.105. Policy Form Standards
Section 3502.106. Claim Against Residential Borrower