Texas Finance Code

§ 156.556 — RULES

FI § 156.556Title 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 finance commission shall adopt rules to administer this subchapter, including rules governing implementation of Section 156.554 that:

(1)ensure a grant awarded under that section is used for a public purpose described by that section; and

(2)provide a means of recovering money awarded that is not used in compliance with that section.

Legislative history

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