Texas Finance Code

§ 159.107 — WAIVER OR AVOIDANCE PROHIBITED

FI § 159.107Title 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)Any purported waiver of a right of a wrap borrower under this subchapter or purported exemption of a person from liability for a violation of this subchapter is void.

(b)A person who is a party to a residential real estate transaction may not evade the application of this subchapter by any device, subterfuge, or pretense, and any attempt to do so is void and a deceptive trade practice under Subchapter E, Chapter 17, Business & Commerce Code, and is actionable under that subchapter.

Legislative history

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