Texas § 347.005 FEDERAL RESIDENTIAL MORTGAGE LOANS PROGRAMS.

Texas Statutes

§ 347.005 — FEDERAL RESIDENTIAL MORTGAGE LOANS PROGRAMS.

Texas § 347.005

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 347.005 (2026).

Text

Sec. 347.005. FEDERAL RESIDENTIAL MORTGAGE LOANS PROGRAMS.

(a)A creditor and consumer may agree to any provision in the credit transaction that is expressly authorized in a program for residential mortgage loans by the United States, including the Office of Thrift Supervision, the Office of the Comptroller of the Currency, or the Department of the Treasury.

(b)If a creditor and consumer agree on an alternative residential mortgage loan from a program described by Subsection (a), the creditor shall comply with all limitations and requirements, including required disclosures, of the regulating entity that relate to the loan.

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Sec. 347.005. FEDERAL RESIDENTIAL MORTGAGE LOANS PROGRAMS. (a) A creditor and consumer may agree to any provision in the credit transaction that is expressly authorized in a program for residential mortgage loans by the United States, including the Office of Thrift Supervision, the Office of the Comptroller of the Currency, or the Department of the Treasury.
(b) If a creditor and consumer agree on an alternative residential mortgage loan from a program described by Subsection (a), the creditor shall comply with all limitations and requirements, including required disclosures, of the regulating entity that relate to the loan.