Tex. Gov't Code § 2306.125 · Subchapter F. HOUSING FINANCE DIVISION: GENERAL PROVISIONS
COURT ACTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The department may institute a judicial action or proceeding against a housing sponsor receiving a loan or owning a housing development under this chapter to:
(1) enforce this chapter;
(2) enforce the terms and provisions of an agreement or contract between the department and the recipient of a loan under this chapter, including provisions regarding rental or carrying charges and income limits as applied to tenants or occupants;
(3) foreclose its mortgage; or
(4) protect:
(A) the public interest;
(B) individuals and families of low and very low income or families of moderate income;
(C) stockholders; or
(D) creditors of the sponsor.
(b) In an action or proceeding under this section, the department may apply for the appointment of a trustee or receiver to assume the management and operation of the affairs of a housing sponsor.
(c) The department, through its designated agent, may accept appointment as trustee or receiver of a housing sponsor when appointed by a court of competent jurisdiction.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm
- Text hash
- sha256 7d2cd78c8f69ceb704700180d2de3e79e27bedcf60ae53ae2b43738ab827c2a2
- 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
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.