| (K) A provision regarding joint and several liability
and specifying that the person who signs the contract grants ownership
in the homestead and binds the person's successors and assigns;
(L) A usury savings clause;
(M) A provision regarding the mailing of notices to
the borrower;
(N) A provision specifying that federal law and Texas
law apply to the contract;
(O) A provision regarding rules of clause construction;
(P) A provision specifying that the licensee will give
the borrower a copy of all signed documents at the time the loan agreement
is made;
(Q) A provision regarding the due on sale clause, notice
of intent to accelerate, and notice of acceleration;
(R) Lender, contractor, and borrower's promise and
agreement;
(S) A provision regarding acceleration and remedies;
(T) A provision regarding the power of sale;
(U) A provision regarding the borrower's right to reinstate
after acceleration;
(V) A provision regarding the assignment of rents,
appointment of receiver, and the lender in possession;
(W) A provision regarding release of the lien;
(X) A provision regarding trustees and trustee liability;
(Y) A provision regarding the assignment of the contractor's
lien and commencement of the work;
(Z) A provision regarding subrogation;
(AA) A provision regarding what happens if the sum
secured and other charges violate applicable law;
(BB) A provision regarding the renewal and extension
of the note secured by the deed of trust;
(CC) A provision regarding the sale of the loan, change
of loan servicer, notice of grievance, and the lender's right to comply;
(DD) A provision regarding hazardous substances;
(EE) A provision regarding the lender's rights and
the borrower's responsibilities;
(FF) A provision regarding default;
(GG) A provision regarding the lender and the borrower's
request for notice of default and foreclosure under superior mortgages
or deeds of trust;
(HH) Signature blocks; and
(II) A provision regarding notice of confidentiality
rights.
(b) The provisions described in this section are separate
from the TILA-RESPA integrated disclosures required under Regulation
Z, 12 C.F.R. §§1026.19, 1026.37 and 1026.38.
|
| Source Note: The provisions of this §90.602 adopted to be effective August 31, 2006, 31 TexReg 6694; amended to be effective January 3, 2008, 32 TexReg 9952; amended to be effective September 9, 2010, 35 TexReg 8104; amended to be effective November 5, 2015, 40 TexReg 7635 |
