SECTION 177.1. Definitions

The following words and terms when used in this section, shall have the following meanings, unless the context clearly indicates otherwise.

(1) Administrator--The entity appointed by the board to assist the board in administering the processing of loan applications under these sections.

(2) Board--The Veterans Land Board of the State of Texas.

(3) Bona fide resident--An individual actually living within the State of Texas with the intention to so remain.

(4) Chairman--The commissioner of the General Land Office who is also chairman of the Veterans Land Board.

(5) Covenants--The bond covenants undertaken by the Veterans Land Board in association with the sale of bonds.

(6) FHA--The Federal Housing Administration of the Department of Housing and Urban Development of the United States of America or any successor thereto.

(7) FHLMC--Federal Home Loan Mortgage Corporation or any successor thereto.

(8) FNMA--Federal National Mortgage Association or any successor thereto.

(9) FSLIC--The Federal Savings and Loan Insurance Corporation.

(10) Fund--The veterans housing assistance fund.

(11) Missing/Missing in Action--To have an official designation of "missing status" as provided by Title 37, Chapter 10 of the United States Code. The term "missing status" means the status of members of a uniformed service who are officially carried or determined to be absent in a status of missing; missing in action; interned in a foreign country; captured, beleaguered, or besieged by a hostile force; or detained in a foreign country against their will.

(12) Participating lending institution--Any bank, trust company, savings bank, national banking association, savings and loan association, building and loan association, mortgage banker, mortgage company, credit union, life insurance company, or other financial institution that customarily provides services or aids in the financing of mortgages on single-family residential housing, including a holding company for any of the foregoing, which has sought and received approval to participate in the Veterans Housing Assistance Program.

(13) Program--The Veterans Housing Assistance Program.

(14) VA--The United States Department of Veterans Affairs or any successor thereto.

(15) VA guaranty--A guaranty of a mortgage loan by the VA under the Serviceman's Readjustment Act of 1944 as amended.

Source Note: The provisions of this §177.1 adopted to be effective May 4, 1984, 9 TexReg 2263; amended to be effective October 22, 2000, 25 TexReg 10375