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Tex. Fin. Code § 342.003

PURCHASE FROM MORTGAGEE

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff

For the purposes of this chapter, a purchase from a mortgagee of an interest in a secondary mortgage loan that was made to secure that loan is treated as if it were a secondary mortgage loan.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.