Sec. 557.001. DEFINITIONS. In this subchapter:
(1) "Lender" means a person holding a mortgage, lien, deed of trust, or other security interest in property.
(2) "Residential real property" means:
(A) a single-family house;
(B) a duplex, triplex, or quadraplex; or
(C) a unit in a multi-unit residential structure in which title to an individual unit is transferred to the owner of the unit under a condominium or cooperative system.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 557 - Insured Property Subject to Security Interest
Subchapter A. Insurance Proceeds Held by Lender Pending Repair of Residential Real Property
Section 557.002. Notification by Lender to Insured Concerning Insurance Proceeds
Section 557.003. Lender's Release or Refusal to Release Insurance Proceeds
Section 557.004. Payment of Interest; Rate
Section 557.005. Accrual of Interest
Section 557.006. Interest Not Required on Insurance Proceeds Applied to Reduce Note