§ 27.8

10 Tex. Admin. Code § 27.8

Resale of the Residence

Effective Oct 30, 201237 TexReg 8503Source Note: The provisions of this §27.8 adopted to be effective October 30, 2012, 37 TexReg 8503.Texas Secretary of State

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All mortgage loans will be subject to federal income tax recapture provisions. Assumption of a mortgage loan is allowed under the Program if the new owner meets the Program requirements at the time of the sale of the Residence.

Source Note:The provisions of this §27.8 adopted to be effective October 30, 2012, 37 TexReg 8503.