Exemption For Certain Secondary Mortgage Loans

Tex. Finance Code § 342.006, under Chapter 342.

Tex. Finance Code § 342.006

Sec. 342.006. EXEMPTION FOR CERTAIN SECONDARY MORTGAGE LOANS. This chapter does not apply to a secondary mortgage loan made by a seller of property to secure all or part of the unpaid purchase price. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.