Tex. Fin. Code 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 loan” means a loan that is:

(A)

made to one or more individuals for personal, family, or household purposes; and

(B)

secured in whole or part by:
(i)
a manufactured home, as defined by Section 347.002 (Definitions), used or to be used as the borrower’s principal residence; or
(ii)
real property improved by a dwelling designed for occupancy by four or fewer families and used or to be used as the borrower’s principal residence.

(3)

“Restructure” means a change in the payment schedule or other terms of a home loan as a result of the borrower’s default.
Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept. 1, 2001.

Source: Section 343.001 — Definitions, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­343.­htm#343.­001 (accessed May 18, 2024).

Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 343.001’s source at texas​.gov