Tex. Local Government Code § 394.906
This is the official text of Tex. Local Government Code § 394.906, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 394.906. CONDITIONS UNDER WHICH FEDERAL GUARANTEE OR HOME MORTGAGE INSURANCE NOT REQUIRED.
Official statutory text
A home mortgage does not require a federal guarantee or home mortgage insurance if the principal of and interest on the housing finance corporation's bonds issued to make or purchase the home mortgage or to make loans to lending institutions are guaranteed or insured by an agency, department, or instrumentality of the United States or by an insurance or surety company authorized to issue municipal bond insurance.
Status: in_force · Read it on the official government site
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