Tex. Property Code § 5.075
This is the official text of Tex. Property Code § 5.075, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 5.075.
Official statutory text
Sec. 5.075. PURCHASER'S RIGHT TO PLEDGE INTEREST IN PROPERTY ON CONTRACTS ENTERED INTO BEFORE SEPTEMBER 1, 2001. (a) On an executory contract entered into before September 1, 2001 , a purchaser may pledge the interest in the property, which accrues pursuant to Section 5.066, only to obtain a loan for improving the safety of the property or any improvements on the property.
(b) Loans that improve the safety of the property and improvements on the property include loans for:
(1) improving or connecting a residence to water service;
(2) improving or connecting a residence to a wastewater system;
(3) building or improving a septic system;
(4) structural improvements in the residence; and
(5) improved fire protection.
(b) Loans that improve the safety of the property and improvements on the property include loans for:
(1) improving or connecting a residence to water service;
(2) improving or connecting a residence to a wastewater system;
(3) building or improving a septic system;
(4) structural improvements in the residence; and
(5) improved fire protection.
Status: in_force · Read it on the official government site
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