Texas § PR.82.164 - LOANS AS ELIGIBLE INVESTMENTS
Full text of Texas The Texas Constitution § PR.82.164 — LOANS AS ELIGIBLE INVESTMENTS, with citation guidance and answers to common questions.
§ PR.82.164. LOANS AS ELIGIBLE INVESTMENTS
LOANS AS ELIGIBLE INVESTMENTS. (a) A loan on a condominium unit and the undivided interest in the common elements is an eligible investment for a bank, savings and loan association, trust company, life insurance company, or other lending institution that is authorized to make real property loans, and for an administrator, guardian, executor, trustee, individual, partnership, corporation, or other fiduciary that is authorized to make real property loans. In determining eligibility, the existence of a prior lien for taxes, assessments, or other similar charges not yet delinquent may not be considered in determining whether a mortgage or deed of trust on the security is a first lien. This section does not change any provision of law that would otherwise be applicable that limits mortgage investments based on a special fraction or percentage of the value of the mortgaged property. (b) An association's lien for assessments does not make a condominium unit ineligible for loans for which the unit would otherwise qualify. Added by Acts 1993, 73rd Leg., ch. 244, Sec. 1, eff. Jan. 1, 1994.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.82.164
What does The Texas Constitution § PR.82.164 cover?
Section PR.82.164 ("LOANS AS ELIGIBLE INVESTMENTS") 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 § PR.82.164?
A common citation format is "The Texas Constitution § PR.82.164" (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 § PR.82.164 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.