Tex. Natural Resources Code § 161.505
This is the official text of Tex. Natural Resources Code § 161.505, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 161.505. SECURITY FOR LOAN.
Official statutory text
A disbursement of money on a loan may not be made unless the loan is secured by a mortgage, deed of trust, or other lien on the land purchased with the proceeds of the loan. A mortgage, deed of trust, or other lien may be a participation in a lien securing any other loan for the purchase of the property, including a lien securing a home loan under Chapter 162.
Status: in_force · Read it on the official government site
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