Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
Chapter 78 - WRAP MORTGAGE LOANS
Subchapter D - WRAP LENDER AND SERVICER REQUIREMENTS
Section 78.300 - Purpose and Applicability
Universal Citation: 7 TX Admin Code ยง 78.300
Current through Reg. 49, No. 38; September 20, 2024
The purpose of this subchapter is to clarify and establish requirements applicable to persons who collect or receive a payment from a wrap borrower under the terms of a wrap mortgage loan, as provided by Finance Code Chapter 159, Subchapter D. The rules in this subchapter apply to a wrap lender or any other person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan, including a third-party servicer servicing a wrap mortgage loan.
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