Texas § FI.156.554 - DISBURSEMENT FROM FUND
Full text of Texas The Texas Constitution § FI.156.554 — DISBURSEMENT FROM FUND, with citation guidance and answers to common questions.
§ FI.156.554. DISBURSEMENT FROM FUND
DISBURSEMENT FROM FUND. (a) The commissioner shall approve each disbursement from the mortgage grant fund, which must be for a purpose authorized by Subsection (b). (b) The commissioner: (1) may provide grants in an aggregate amount of not more than $100,000 each year to an auxiliary mortgage loan activity company or another nonprofit organization for the purposes of: (A) providing to consumers financial education relating to mortgage loans; and (B) providing to other nonprofit organizations training in order for those organizations to provide to consumers financial education relating to mortgage loans; (2) shall make disbursements from the fund to pay claims made under Section 156.555 that meet the requirements for payment under that section; and (3) may make disbursements from the fund to provide support for statewide financial education, activities, and programs specifically related to mortgage loans for consumers, including activities and programs described by Section 14.113 (c). Added by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617 ), Sec. 7, eff. September 1, 2021. Amended by: Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371 ), Sec. 3, eff. September 1, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.156.554
What does The Texas Constitution § FI.156.554 cover?
Section FI.156.554 ("DISBURSEMENT FROM FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.156.554?
A common citation format is "The Texas Constitution § FI.156.554" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.156.554 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.