Texas § NR.161.503 - LOANS

Full text of Texas The Texas Constitution § NR.161.503 — LOANS, with citation guidance and answers to common questions.

§ NR.161.503. LOANS

LOANS. (a) In addition to purchasing land under Subchapters F and G, the board shall make or acquire loans with money from the fund to finance land purchases by eligible persons in accordance with this subchapter and rules adopted by the board. (b) The board may enter into contracts with lending institutions to assist in processing, originating, servicing, or administering loans under this subchapter. (c) The board shall adopt credit, underwriting, and appraisal standards that protect the best interest of the program and limit the exposure of the fund to any losses. (d) The board shall adopt rules as necessary to implement this subchapter. Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001. Amended by Acts 2003, 78th Leg., ch. 674, Sec. 19, eff. Sept. 1, 2003.

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Frequently Asked Questions About Texas § NR.161.503

What does The Texas Constitution § NR.161.503 cover?

Section NR.161.503 ("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 § NR.161.503?

A common citation format is "The Texas Constitution § NR.161.503" (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 § NR.161.503 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.