In this chapter:

1. (1) "Bridge loan" means temporary or short-term financing requiring payment of only interest until the entire unpaid balance is due.

2. (2) "Home loan" means a loan that is:

   1. (A) made to one or more individuals for personal, family, or household purposes; and

   2. (B) secured in whole or part by:

      1. (i) a manufactured home, as defined by Section 347.002, used or to be used as the borrower's principal residence; or
      2. (ii) real property improved by a dwelling designed for occupancy by four or fewer families and used or to be used as the borrower's principal residence.
3. (3) "Restructure" means a change in the payment schedule or other terms of a home loan as a result of the borrower's default.

Added by Acts 2001, 77th Leg., ch. 622, Sec. 1, eff. Sept. 1, 2001.