40 Tex. Admin. Code § 175.56
Fees, Loan Amount, Interest Rate, and Down Payment
Effective Jul 28, 202550 TexReg 4969Source Note: The provisions of this §175.56 adopted to be effective January 8, 2002, 27 TexReg 286; amended to be effective March 18, 2008, 33 TexReg 2319; amended to be effective July 28, 2025, 50 TexReg 4969.Texas Secretary of State
(a) In addition to the fees described in §175.17 of this chapter (relating to Fees and Deposits), the board shall collect a fee for the preparation, review, or approval of any document relating to a loan made under this subchapter, including but not limited to the following:
- (1) notes;
- (2) deeds of trust;
- (3) subordination agreements;
- (4) transfers and/or assignments of liens; or
- (5) release of liens.
- (b) Fees and expenses approved by the board may be made a part of the borrower's loan installment payments.
- (c) The board will specify the terms and conditions of the loan for each transaction.
- (d) Each loan shall not exceed 30 years in duration.
- (e) The chairman, in compliance with §175.6 and §175.55 of this chapter, (relating to Commitment by the Board and Loan Approval), shall set the amount of the down payment required of borrowers. This down payment shall be paid to the closing agent at or before closing.
Source Note:The provisions of this §175.56 adopted to be effective January 8, 2002, 27 TexReg 286; amended to be effective March 18, 2008, 33 TexReg 2319; amended to be effective July 28, 2025, 50 TexReg 4969.