Texas Finance Code Title 4, Chapter 343 - Home Loans

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 343.001 - Definitions
  In this chapter: (1) "Bridge loan" means temporary or short-term financing requiring payment of only interest until the entire unpaid balance is due. (2) "Home...
• Texas Section 343.002 - Applicability
  This chapter does not apply to: (1) a reverse mortgage; or (2) an open-end account, as defined by Section 301.002. Added by Acts 2001, 77th...

SUBCHAPTER B PROVISIONS RELATING TO HOME LOANS IN GENERAL

• Texas Section 343.003 - Conflict With Other Provisions Of Title
  If this chapter conflicts with another provision of this title, this chapter controls. Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept....
• Texas Section 343.101 - Refinancing
  (a) For purposes of this section, a low-rate home loan is a home loan that at its inception carries an interest rate two percentage points...
• Texas Section 343.103 - Disclosure Of Mortgage Information To Surviving Spouse
  (a) In this section: (1) "Estate" has the meaning assigned by Section 22.012, Estates Code. (2) "Heir" has the meaning assigned by Section 22.015, Estates...
• Texas Section 343.104 - Restrictions On Single Premium Credit Insurance
  A lender may not offer any individual or group credit life, disability, or unemployment insurance on a prepaid single premium basis in conjunction with a...
• Texas Section 343.105 - Notice Of Penalties For Making False Or Misleading Written Statement
  (a) A lender, mortgage banker, or licensed mortgage broker shall provide to each applicant for a home loan a written notice at closing. (b) The...

SUBCHAPTER C HIGH-COST HOME LOANS

• Texas Section 343.106 - Payoff Statements
  (a) In this section, "mortgagee," "mortgage servicer," and "mortgagor" have the meanings assigned by Section 51.0001, Property Code. (b) The finance commission shall adopt rules...
• Texas Section 343.201 - Definitions
  In this subchapter: (1) "High-cost home loan" means a loan that: (A) is made to one or more individuals for personal, family, or household purposes;...
• Texas Section 343.202 - Balloon Payment
  A high-cost home loan may not contain a provision for a scheduled payment that is more than twice as large as the average of earlier...
• Texas Section 343.203 - Negative Amortization
  A high-cost home loan may not provide for a payment schedule with regular periodic payments that cause the principal balance to increase, except that this...
• Texas Section 343.204 - Consideration Of Obligor's Payment Ability
  (a) In this section, "obligor" means a person obligated to pay a loan, including a borrower, cosigner, or guarantor. If more than one person is...
• Texas Section 343.205 - Prepayment Penalties Prohibited
  A lender may not make a high-cost home loan containing a provision for a prepayment penalty. Added by Acts 2001, 77th Leg., ch. 622, Sec....
• Texas Section 343.206 - Charge Prohibited For Product Or Service Not Received
  A lender, in connection with a high-cost home loan, may not charge a borrower an amount for a service or product if the borrower does...

Last modified: September 28, 2016