11.308 – INTERPRETATION OF HOME EQUITY LENDING LAW. The
Texas Finance Code § 11.308
Summary
This law allows the finance commission to provide interpretations of specific sections of the Texas Constitution related to home equity lending. It applies to all lenders authorized to extend credit under the specified constitutional provisions, excluding those regulated by credit unions.
Finance commission can interpret home equity lending laws.
Interpretations apply to all authorized lenders, except credit unions.
Subject to Chapter 2001 of the Government Code.
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In simple terms: Learn about Texas's INTERPRETATION OF HOME EQUITY LENDING LAW. The 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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