Sec. 161.515. CERTAIN RIGHTS, BENEFITS, CONDITIONS, AND OBLIGATIONS PROHIBITED. In making rules and administering this subchapter, the board may not impose on or grant a loan recipient or a transferee under Section 161.511 a right, benefit, condition, or obligation that, in any way, may impair:
(1) the ability of the board to sell a loan made under this subchapter; or
(2) the market value of a loan made under this subchapter.
Added by Acts 2007, 80th Leg., R.S., Ch. 223 (H.B. 1416), Sec. 1, eff. September 1, 2007.
Section: Previous 161.403 161.501 161.502 161.503 161.504 161.505 161.506 161.507 161.508 161.509 161.510 161.511 161.512 161.513 161.514Last modified: September 28, 2016