This law establishes a recovery fund managed by the savings and mortgage lending commissioner to support Chapters 156 and 157. It allows for disciplinary actions against individuals under these chapters, ensuring accountability in the savings and mortgage lending sectors.
Establishes a recovery fund for mortgage lending purposes.
Administered by the savings and mortgage lending commissioner.
Enables disciplinary actions for violations under related chapters.
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In simple terms: Learn about Texas's RECOVERY FUND. (a) Except as provided by 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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