Texas § GV.2306.229 - DOCUMENTS SUPPORTING MORTGAGE LOANS
Full text of Texas The Texas Constitution § GV.2306.229 — DOCUMENTS SUPPORTING MORTGAGE LOANS, with citation guidance and answers to common questions.
§ GV.2306.229. DOCUMENTS SUPPORTING MORTGAGE LOANS
DOCUMENTS SUPPORTING MORTGAGE LOANS. (a) A mortgage loan shall be evidenced by a mortgage or deed of trust note or bond and by a mortgage that creates a lien on the housing development and on all real property that constitutes the site of or that relates to the housing development. (b) A note or bond and a mortgage or deed of trust: (1) must contain provisions satisfactory to the department; (2) must be in a form satisfactory to the department; and (3) may contain exculpatory provisions relieving the borrower or its principal from personal liability if the department agrees. (c) For each loan made for the development of multifamily housing with funds provided to the state under the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. Section 12701 et seq.), the department shall obtain a mortgagee's title policy in the amount of the loan. The department may not designate a specific title insurance company to provide the mortgagee title policy or require the borrower to provide the policy from a specific title insurance company. The borrower shall select the title insurance company to close the loan and to provide the mortgagee title policy. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by: Acts 2007, 80th Leg., R.S., Ch. 1341 (S.B. 1908 ), Sec. 24, eff. September 1, 2007.
Frequently Asked Questions About Texas § GV.2306.229
What does The Texas Constitution § GV.2306.229 cover?
Section GV.2306.229 ("DOCUMENTS SUPPORTING MORTGAGE LOANS") 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.2306.229?
A common citation format is "The Texas Constitution § GV.2306.229" (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.2306.229 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.