Texas Finance Code

§ 343.001 — DEFINITIONS

FI § 343.001Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 343. HOME LOANS · Art. A. GENERAL PROVISIONS

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In this chapter:

(1)"Bridge loan" means temporary or short-term financing requiring payment of only interest until the entire unpaid balance is due.

(2)"Home loan" means a loan that is:

(A)made to one or more individuals for personal, family, or household purposes; and

(B)secured in whole or part by:

(i)a manufactured home, as defined by Section 347.002, used or to be used as the borrower's principal residence; or

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Legislative history

Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept. 1, 2001.