Tex. Fin. Code § 156.551 · Subchapter G. MORTGAGE GRANT FUND
MORTGAGE GRANT FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner shall establish, administer, and maintain a mortgage grant fund as provided by this subchapter. The amounts received by the commissioner for deposit in the fund shall be held by the commissioner in trust for carrying out the purposes of the fund.
(b) Subject to Subsection (c), all or any portion of the amount of a penalty that is collected by the commissioner under Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202, as determined by the commissioner, may be deposited to the credit of the mortgage grant fund at the end of each fiscal year.
(c) The balance of the mortgage grant fund may not at any time exceed $300,000.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 7, eff. September 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.156.htm
- Text hash
- sha256 b8073eaa89e504faec2f3d3c7b283e55b64905b4fde466309b418f601e9f0f88
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Finance Code
- Tex. Fin. Code § 156.302ADMINISTRATIVE PENALTY.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 156.303DISCIPLINARY ACTION; CEASE AND DESIST ORDER.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 157.023ADMINISTRATIVE PENALTY.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 157.024DISCIPLINARY ACTION; CEASE AND DESIST ORDER.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 157.031UNLICENSED ACTIVITY; OFFENSE.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 158.105CEASE AND DESIST ORDER.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
- Tex. Fin. Code § 180.202ADMINISTRATIVE PENALTY.Printed as Sections 156.302, 156.303, 157.023, 157.024, 157.031, 158.105, and 180.202
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 156.551. Each shows the citation as that text prints it.
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