INTEREST RATE
Known as the Texas Housing Rehabilitation Act
The act spans §§ 2304.001 to 2304.104 (45 sections).
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff
(a) The department shall set the minimum and maximum interest rates for housing rehabilitation loans.
(b) A local government shall set the interest rate for a housing rehabilitation loan it approves under this chapter. The rate must be within the minimum and maximum rates set by the department.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.