Texas Estates Code

§ 1352.052 — AUTHORITY TO MORTGAGE MINOR'S INTEREST WITHOUT GUARDIANSHIP

ES § 1352.052Title 3. GUARDIANSHIP AND RELATED PROCEDURES · Part I. OTHER SPECIAL PROCEEDINGS AND SUBSTITUTES FOR GUARDIANSHIP · Ch. 1352. MORTGAGE OF MINOR'S INTEREST IN RESIDENCE HOMESTEAD · Art. B. MORTGAGE OF MINOR'S INTEREST WITHOUT GUARDIANSHIP

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(a)If the net value of a minor's interest in a residence homestead does not exceed $250,000, a parent, subject to Subsection (b), or managing conservator of the minor may apply to the court under this subchapter for an order authorizing the parent or managing conservator to receive on the minor's behalf, without being appointed guardian, an extension of credit that is secured wholly or partly by a lien on the homestead.

(b)A parent of a minor may file an application under this subchapter only if the parent has a homestead interest in the property that is the subject of the application. Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.02, eff. January 1, 2014. Amended by:

Legislative history

Acts 2023, 88th Leg., R.S., Ch. 207 (S.B. 1457), Sec. 26, eff. September 1, 2023.