Tex. Fin. Code § 156.554 · Subchapter G. MORTGAGE GRANT FUND
DISBURSEMENT FROM FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner shall approve each disbursement from the mortgage grant fund, which must be for a purpose authorized by Subsection (b).
(b) The commissioner:
(1) may provide grants in an aggregate amount of not more than $100,000 each year to an auxiliary mortgage loan activity company or another nonprofit organization for the purposes of:
(A) providing to consumers financial education relating to mortgage loans; and
(B) providing to other nonprofit organizations training in order for those organizations to provide to consumers financial education relating to mortgage loans;
(2) shall make disbursements from the fund to pay claims made under Section 156.555 that meet the requirements for payment under that section; and
(3) may make disbursements from the fund to provide support for statewide financial education, activities, and programs specifically related to mortgage loans for consumers, including activities and programs described by Section 14.113(c).
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.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 3, eff. September 1, 2023.
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 2ca52602d1479920f70482cf8c5431d3f256c2f3088dffb96b99811650dafce0
- 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.
Cited by 2 provisions
Provisions in this library whose text cites Tex. Fin. Code § 156.554. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.