This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:37 GMT

TITLE 7 - BANKING AND SECURITIES
PART 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
CHAPTER 59 - WRAP MORTGAGE LOANS
SUBCHAPTER A - GENERAL PROVISIONS
SECTION/RULE §59.1 - Purpose and Applicability
Chapter Review Date 12/18/2015

This chapter governs the Commissioner's administration and enforcement of Finance Code Chapter 159, governing wrap mortgage loans concerning residential real estate located in Texas. This chapter applies to wrap mortgage lenders, borrowers, and any person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan, including servicers of a wrap mortgage loan.

Source Note: The provisions of this §59.1 adopted to be effective November 23, 2024, 49 TexReg 9217.

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