Tex. Gov't Code § 2306.225 · Subchapter J. HOUSING FINANCE DIVISION: LOAN TERMS AND CONDITIONS
RATIO OF LOAN TO DEVELOPMENT COST; AMORTIZATION PERIOD.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), the ratio of loan to total housing development cost and the amortization period of a loan insured or guaranteed by the federal government is governed by the federal government mortgage insurance commitment or federal guarantee for each housing development.
(b) The amortization period for a loan may not exceed 40 years.
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 a550f312d1bbcfd93e1b7b451fd17fc4883dd2117756400df581df55cbff75bc
- 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
Cited by 1 provision
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