SECTION 78.1. Purpose and Applicability

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This chapter governs the Commissioner's administration and enforcement of Finance Code Chapter 159, governing wrap mortgage loans concerning residential real estate located in Texas. This chapter applies to wrap mortgage lenders, borrowers, and any person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan, including servicers of a wrap mortgage loan.

Source Note: The provisions of this §78.1 adopted to be effective January 8, 2022, 46 TexReg 9238

                    
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