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TITLE 7BANKING AND SECURITIES
PART 8JOINT FINANCIAL REGULATORY AGENCIES
CHAPTER 152REPAIR, RENOVATION, AND NEW CONSTRUCTION ON HOMESTEAD PROPERTY
RULE §152.3Requirements for Construction of New Improvements: Section 50(a)(5)
(a) Except as provided in §152.5(c) of this chapter, Section 50(a)(5)(A) - (D) does not apply to the construction of new improvements on a homestead.

(b) A valid lien, under Section 50(a)(5), may be created on a homestead if the debt for the work and material used for new improvements is contracted for in writing. Once the lien is created, the homestead is not protected by Section 50 from forced sale for the payment of the debt.

Source Note: The provisions of this §152.3 adopted to be effective July 7, 2005, 30 TexReg 3863

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