A local government may allow for the deferment of payments or may adjust the interest rate or term of a housing rehabilitation loan approved by the local government if the borrower is unable to make the required payments.
Tex. Gov't Code § 2304.074
ADJUSTMENTS IF BORROWER UNABLE TO REPAY LOAN
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
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.