Texas § FI.159.202 - WRAP BORROWER'S RIGHT TO DEDUCT
Full text of Texas The Texas Constitution § FI.159.202 — WRAP BORROWER'S RIGHT TO DEDUCT, with citation guidance and answers to common questions.
§ FI.159.202. WRAP BORROWER'S RIGHT TO DEDUCT
WRAP BORROWER'S RIGHT TO DEDUCT. The wrap borrower, without taking judicial action, may deduct from any amount owed to the wrap lender under the terms of the wrap mortgage loan: (1) the amount of any payment made by the wrap borrower to an obligee of a debt described by Section 159.001 (7)(A)(ii) to cure a default by the wrap lender caused by the lender's failure to make payments for which the lender is responsible under the terms of the wrap mortgage loan; or (2) any other amount for which the wrap lender is liable to the wrap borrower under the terms of the wrap mortgage loan. Added by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43 ), Sec. 3, eff. January 1, 2022. SUBCHAPTER F. ENFORCEMENT OF CERTAIN REGISTRATION REQUIREMENTS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.159.202
What does The Texas Constitution § FI.159.202 cover?
Section FI.159.202 ("WRAP BORROWER'S RIGHT TO DEDUCT") 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.159.202?
A common citation format is "The Texas Constitution § FI.159.202" (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.159.202 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.