Texas Finance Code

§ 343.201 — DEFINITIONS

FI § 343.201Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 343. HOME LOANS · Art. C. HIGH-COST HOME LOANS

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In this subchapter:

(1)"High-cost home loan" means a loan that:

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

(B)is 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

(ii)real property improved by a dwelling designed for occupancy by four or fewer families and used or to be used as the borrower's principal residence;

…

Legislative history

Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 15, eff. September 1, 2023.