- (a) A lender and a borrower may enter into an agreement under which a term of a secondary mortgage loan contract is amended, restated, or rescheduled.
- (b) An agreement under this section must be written and signed by the lender and borrower.
(c) An agreement under this section must contain:
- (1) the date of the agreement;
- (2) the name and address of the lender; and
- (3) the name and address of each borrower.
- (d) The lender shall deliver a copy of an agreement under this section to the borrower.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.