Tex. Natural Resources Code § 162.014
This is the official text of Tex. Natural Resources Code § 162.014, part of Texas’s Natural Resources Code — governs land, minerals, and natural resource management.
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§ 162.014. SECURITY FOR THE LOAN.
Official statutory text
No disbursement of funds on a loan shall be made unless the loan is secured by a mortgage, deed of trust, or other lien on the home. A mortgage retained by or a deed of trust to the board or any other lien may be a participation in a lien securing any other loan for the purchase of the property. Payments to retire the loan shall be made at times determined by the board.
Status: in_force · Read it on the official government site
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