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TITLE 7 | BANKING AND SECURITIES |
PART 4 | DEPARTMENT OF SAVINGS AND MORTGAGE LENDING |
CHAPTER 78 | WRAP MORTGAGE LOANS |
SUBCHAPTER D | WRAP LENDER AND SERVICER REQUIREMENTS |
RULE §78.300 | Purpose and Applicability |
The purpose of this subchapter is to clarify and establish requirements applicable to persons who collect or receive a payment from a wrap borrower under the terms of a wrap mortgage loan, as provided by Finance Code Chapter 159, Subchapter D. The rules in this subchapter apply to a wrap lender or any other person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan, including a third-party servicer servicing a wrap mortgage loan. |
Source Note: The provisions of this §78.300 adopted to be effective January 8, 2022, 46 TexReg 9238 |