Texas Administrative Code
Title 40 - SOCIAL SERVICES AND ASSISTANCE
Part 5 - TEXAS VETERANS LAND BOARD
Chapter 177 - VETERANS HOUSING ASSISTANCE PROGRAM
Section 177.6 - Application Procedures
Current through Reg. 49, No. 12; March 22, 2024
(a) The administrator shall distribute to participating lenders all application materials required for the program by the board. Participating lending institutions may only charge fees that have been approved by the board. The board may establish by resolution any procedures for obtaining the board's approval of fees.
(b) The board shall establish by resolution all policies, procedures, and requirements for the submission and review of loan applications, including the certification of eligibility of the veteran.
(c) If the veteran has previously participated in the program, the veteran must have satisfactorily paid in full all prior program loans in order to be eligible to participate in the program again. If the veteran has an active Veterans Land Program loan at the time of application, it must be in good standing.
(d) The board may establish by resolution all other procedures and policies relating to the submission, review, processing, approval, and funding of program loans. In doing so, the board shall review the prudent lending practices prevalent in the residential mortgage lending industry and shall follow such practices to the maximum extent practical.