Texas Statutes
§ 159.151 — MONEY HELD IN TRUST.
Texas § 159.151
JurisdictionTexas
Code FIFinance Code
This text of Texas § 159.151 (MONEY HELD IN TRUST.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 159.151 (2026).
Text
Sec. 159.151. MONEY HELD IN TRUST. A person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan holds the money in trust for the benefit of the borrower.
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Legislative History
Added by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43 ), Sec. 3, eff. January 1, 2022.
Nearby Sections
15
§ 159.001
DEFINITIONS.§ 159.002
INAPPLICABILITY OF CHAPTER.§ 159.003
EXEMPTIONS.§ 159.051
LICENSE OR REGISTRATION REQUIRED.§ 159.102
FOREIGN LANGUAGE REQUIREMENT.§ 159.105
ENFORCEABILITY OF WRAP LIEN.§ 159.106
BORROWER'S RIGHT OF ACTION.§ 159.107
WAIVER OR AVOIDANCE PROHIBITED.§ 159.108
RULEMAKING AUTHORITY.§ 159.151
MONEY HELD IN TRUST.§ 159.152
FIDUCIARY DUTY.§ 159.201
APPLICABILITY OF SUBCHAPTER.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 159.151, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/159.151.