Texas § IN.3502.003 - MORTGAGE GUARANTY INSURANCE DEFINED
Full text of Texas The Texas Constitution § IN.3502.003 — MORTGAGE GUARANTY INSURANCE DEFINED, with citation guidance and answers to common questions.
§ IN.3502.003. MORTGAGE GUARANTY INSURANCE DEFINED
MORTGAGE GUARANTY INSURANCE DEFINED. In this chapter, "mortgage guaranty insurance" means insurance against: (1) financial loss because of nonpayment of principal, interest, and other amounts agreed to be paid under the terms of a note, bond, or other evidence of indebtedness that is secured by an authorized real estate security, provided the improvement on the real estate is: (A) one or more residential buildings designed to be occupied by not more than four families; (B) a condominium unit; or (C) one or more buildings designed to be occupied by five or more families or for industrial or commercial purposes; or (2) financial loss because of nonpayment of rent and other amounts agreed to be paid under the terms of a written lease for the possession, use, or occupancy of real estate, provided the improvement on the real estate is one or more buildings designed to be occupied for industrial or commercial purposes. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 3, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.3502.003
What does The Texas Constitution § IN.3502.003 cover?
Section IN.3502.003 ("MORTGAGE GUARANTY INSURANCE DEFINED") 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 § IN.3502.003?
A common citation format is "The Texas Constitution § IN.3502.003" (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 § IN.3502.003 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.