{"data":{"id":"us-tx/tex.-natural-resources-code-161.511","jurisdiction":"us-tx","citation":"Tex. Natural Resources Code § 161.511","heading":"TIME LIMIT ON TRANSFER OF LAND.","body":"(a) Except as provided by Subsection (c), a recipient of a loan may not lease, sell, or otherwise transfer in whole or part land or any interest in land against which there is a mortgage, deed of trust, or any other lien securing the loan:\n(1) before the third anniversary of the date the recipient purchases the land; and\n(2) unless the recipient has complied with any other terms and conditions provided by this subchapter and the rules of the board.\n(b) After the three-year period prescribed by Subsection (a), land may be sold or otherwise transferred, subject to any lien securing a loan, if:\n(1) all interest, principal, and taxes that are due have been paid;\n(2) the terms and conditions of this subchapter and rules of the board have been met; and\n(3) the board approves the sale or other transfer.\n(c) The board may waive the three-year period prescribed by Subsection (a):\n(1) in a case of death, bankruptcy, financial incapacity, or divorce of the loan recipient;\n(2) if a loan recipient is forced to move because of a change in employment or because the recipient's home is condemned through no fault of the recipient; or\n(3) at any other time the board considers a waiver to be in the best interest of the program.\nAdded by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.","path":["NATURAL RESOURCES CODE","TITLE 7. RESOURCES PROGRAMS","CHAPTER 161. VETERANS LAND BOARD","SUBCHAPTER K. LAND LOANS"],"source_url":"https://statutes.capitol.texas.gov/Docs/NR/htm/NR.161.htm#161.511","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:28Z","sha256":"6ce1473c8498628f8bb2ea4bc9caf7e3cc7e77430574c62e6a58134ebe7a2b2f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-natural-resources-code-161.510","next":"us-tx/tex.-natural-resources-code-161.512"},"notice":"GroundRules: Original legal text. Not legal advice."}