Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 159.151: MONEY HELD IN TRUST.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE E. OTHER FINANCIAL BUSINESSES
CHAPTER 159. WRAP MORTGAGE LOAN FINANCING
SUBCHAPTER D. DUTIES OWED TO WRAP BORROWER

A person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan holds the money in trust for the benefit of the borrower.

Added by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43), Sec. 3, eff. January 1, 2022.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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