This section provides definitions for key terms used in the chapter, specifically identifying what constitutes a lender and a mortgage loan. It is relevant for parties involved in mortgage lending and real estate transactions in Texas.
Defines 'lender' as a person who lends or invests in mortgage loans.
Defines 'mortgage loan' as a loan secured by real property.
Establishes foundational terms for understanding related legal provisions.
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In simple terms: Learn about Texas's DEFINITIONS. In this chapter: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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