Texas § GV.2304.062 - DEPARTMENT LOAN RULES
Full text of Texas The Texas Constitution § GV.2304.062 — DEPARTMENT LOAN RULES, with citation guidance and answers to common questions.
§ GV.2304.062. DEPARTMENT LOAN RULES
DEPARTMENT LOAN RULES. (a) The department shall adopt rules governing the making and servicing of a housing rehabilitation loan and the foreclosure of a loan in default. The rules must include: (1) the requirement that a housing rehabilitation loan be evidenced by a promissory note payable to the state and be secured by a lien on real property in the state; and (2) the standards under which a household in an area designated by a local government may qualify for a housing rehabilitation loan. (b) In adopting the standards under Subsection (a)(2), the department shall take into account: (1) household gross income; (2) household income available for housing needs; (3) household size; (4) the value and condition of the housing to be rehabilitated; and (5) the ability of households to compete successfully in the private housing market and to pay for sanitary, decent, and safe housing in that market. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Frequently Asked Questions About Texas § GV.2304.062
What does The Texas Constitution § GV.2304.062 cover?
Section GV.2304.062 ("DEPARTMENT LOAN RULES") 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 § GV.2304.062?
A common citation format is "The Texas Constitution § GV.2304.062" (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 § GV.2304.062 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.