{"data":{"id":"us-tx/tex.-government-code-2306.125","jurisdiction":"us-tx","citation":"Tex. Government Code § 2306.125","heading":"COURT ACTIONS.","body":"(a) The department may institute a judicial action or proceeding against a housing sponsor receiving a loan or owning a housing development under this chapter to:\n(1) enforce this chapter;\n(2) enforce the terms and provisions of an agreement or contract between the department and the recipient of a loan under this chapter, including provisions regarding rental or carrying charges and income limits as applied to tenants or occupants;\n(3) foreclose its mortgage; or\n(4) protect:\n(A) the public interest;\n(B) individuals and families of low and very low income or families of moderate income;\n(C) stockholders; or\n(D) creditors of the sponsor.\n(b) In an action or proceeding under this section, the department may apply for the appointment of a trustee or receiver to assume the management and operation of the affairs of a housing sponsor.\n(c) The department, through its designated agent, may accept appointment as trustee or receiver of a housing sponsor when appointed by a court of competent jurisdiction.\nAdded by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.","path":["GOVERNMENT CODE","TITLE 10. GENERAL GOVERNMENT","SUBTITLE G. ECONOMIC DEVELOPMENT PROGRAMS INVOLVING BOTH STATE AND LOCAL GOVERNMENTS","CHAPTER 2306. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS","SUBCHAPTER F. HOUSING FINANCE DIVISION: GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2306.htm#2306.125","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"213782f9fdc18b096cee433049466cd713e78265000b5daf7cd3229ceed2b643","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-2306.124","next":"us-tx/tex.-government-code-2306.126"},"notice":"GroundRules: Original legal text. Not legal advice."}