{"data":{"id":"us-tx/tex.-finance-code-159.152","jurisdiction":"us-tx","citation":"Tex. Finance Code § 159.152","heading":"FIDUCIARY DUTY.","body":"A person who collects or receives a payment from a wrap borrower under the terms of or in connection with a wrap mortgage loan owes a fiduciary duty to the wrap borrower to use the payment to satisfy the obligations of the obligee under each debt described by Section 159.001(7)(A)(ii) and the payment of taxes and insurance for which the wrap lender has received any payments from the wrap borrower.\nAdded by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43), Sec. 3, eff. January 1, 2022.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.159.htm#159.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"285d9c8f091eaa25b7d7b1c13817a36c41d431b9272c8b54174045a9281521fb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-159.151","next":"us-tx/tex.-finance-code-159.201"},"notice":"GroundRules: Original legal text. Not legal advice."}