Texas Finance Code

§ 159.106 — BORROWER'S RIGHT OF ACTION

FI § 159.106Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 159. WRAP MORTGAGE LOAN FINANCING · Art. C. TRANSACTION REQUIREMENTS; REMEDIES

Statute text

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(a)A wrap borrower may bring an action to:

(1)obtain declaratory or injunctive relief to enforce this subchapter;

(2)recover any actual damages suffered by the wrap borrower as a result of a violation of this subchapter; or

(3)obtain other remedies available under this subchapter or in an action under Section 17.50, Business & Commerce Code, as otherwise authorized under this subchapter.

(b)A wrap borrower who prevails in an action under this section may recover court costs and reasonable attorney's fees.

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43), Sec. 3, eff. January 1, 2022.