The mortgage grant fund consists of:
(1) penalties collected by the commissioner and deposited to the credit of the fund in accordance with Section 156.551(b); and
(2) excess amounts transferred from the recovery fund under Section 156.502(b).
Tex. Fin. Code § 156.552
FUNDING
Known as the Residential Mortgage Loan Company Licensing and Registration Act
The act spans §§ 156–156 (53 sections).
Added by Acts 2021, 87th Leg., R.S., Ch. 929 (H.B. 3617), Sec. 7, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.