Tex. Nat. Res. Code § 161.505 · Subchapter K. LAND LOANS
SECURITY FOR LOAN.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A disbursement of money on a loan may not be made unless the loan is secured by a mortgage, deed of trust, or other lien on the land purchased with the proceeds of the loan. A mortgage, deed of trust, or other lien may be a participation in a lien securing any other loan for the purchase of the property, including a lien securing a home loan under Chapter 162.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.161.htm
- Text hash
- sha256 072b4ced22bbf29a760880a49e7234b257fc1cef9483508cb69fe4a31bd42982
- 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.