The following terms, when used in this subchapter, have the
following meanings, unless the context clearly indicates otherwise.
(1) "Auxiliary mortgage loan activity company"
has the meaning assigned by Finance Code §156.002.
(2) "Commissioner" means the Savings and
Mortgage Lending Commissioner appointed under Finance Code Chapter
13.
(3) "Department" means the Department of
Savings and Mortgage Lending.
(4) "Finance Commission" means the Finance
Commission of Texas.
(5) "Grant Coordinator" means the individual
appointed as the Grant Coordinator for purposes of §51.403 of
this title (relating to Grant Coordinator).
(6) "Mortgage Grant Advisory Committee" or "MGAC"
means the Mortgage Grant Advisory Committee formed to advise the Commissioner
concerning administration of the fund, as provided by §51.404
of this title (relating to Mortgage Grant Advisory Committee).
(7) "Mortgage Grant Administration Manual"
means the manual created by the Commissioner to reflect the various
policies and procedures governing administration of the Mortgage Grant
Fund grant program as provided by §51.402 of this title (relating
to Commissioner as Manager).
(8) "Mortgage Grant Fund" or "fund"
means the fund the Commissioner is required to establish, administer,
and maintain in accordance with Finance Code Chapter 156, Subchapter
G.
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