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

Home > Title 7 > Part 4 > Chapter 59 >Subchapter D > Rule 59.300
TITLE 7 - BANKING AND SECURITIES
PART 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
CHAPTER 59 - WRAP MORTGAGE LOANS
SUBCHAPTER D - WRAP LENDER AND SERVICER REQUIREMENTS
SECTION/RULE §59.300 - Purpose and Applicability
Chapter Review Date 12/18/2015

The purpose of this subchapter is to clarify and establish requirements applicable to persons who collect or receive a payment from a wrap borrower under the terms of a wrap mortgage loan, as provided by Finance Code Chapter 159, Subchapter D. The rules in this subchapter apply to a wrap lender or any other person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan, including a third-party servicer servicing a wrap mortgage loan.

Source Note: The provisions of this §59.300 adopted to be effective November 23, 2024, 49 TexReg 9217.

View Official Rule