Texas § 2306.148 UNDERWRITING STANDARDS.

Texas Statutes

§ 2306.148 — UNDERWRITING STANDARDS.

Texas § 2306.148

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 2306.148 (2026).

Text

Sec. 2306.148. UNDERWRITING STANDARDS.

(a)The board shall have the specific duty and power to adopt underwriting standards for:

(1)loans made or financed by the housing finance division; and

(2)housing tax credits allocated by the department.

(b)Underwriting standards adopted under Subsection (a)(2) and used to determine the feasibility of a proposed development must be consistent with criteria established under Section 2306.185 .

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Sec. 2306.148. UNDERWRITING STANDARDS. (a) The board shall have the specific duty and power to adopt underwriting standards for:
(1) loans made or financed by the housing finance division; and
(2) housing tax credits allocated by the department.
(b) Underwriting standards adopted under Subsection (a)(2) and used to determine the feasibility of a proposed development must be consistent with criteria established under Section 2306.185 .

Legislative History

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by: Acts 2015, 84th Leg., R.S., Ch. 643 (S.B. 1989 ), Sec. 1, eff. September 1, 2015.