Texas Finance Code

§ 156.552 — FUNDING

FI § 156.552Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 156. RESIDENTIAL MORTGAGE LOAN COMPANIES · Art. G. MORTGAGE GRANT FUND

Statute text

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The mortgage grant fund consists of:

(1)penalties collected by the commissioner and deposited to the credit of the fund in accordance with Section 156.551(b); and

(2)excess amounts transferred from the recovery fund under Section 156.502(b).

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 7, eff. September 1, 2021.