The following words and terms when used in this section, shall have the following meanings, unless the context clearly indicates otherwise.
- (1) Administrator--The entity appointed by the board to assist the board in administering the processing of loan applications under these sections.
- (2) Chairman--The commissioner of the General Land Office who is also chairman of the board.
- (3) Covenants--The bond covenants undertaken by the board in association with the sale of bonds.
- (4) FHA--The Federal Housing Administration of the Department of Housing and Urban Development of the United States of America or any successor thereto.
- (5) FHLMC--Federal Home Loan Mortgage Corporation or any successor thereto.
- (6) FNMA--Federal National Mortgage Association or any successor thereto.
- (7) FSLIC--The Federal Savings and Loan Insurance Corporation.
- (8) Participating lending institution--Any bank, trust company, savings bank, national banking association, savings and loan association, building and loan association, mortgage banker, mortgage company, credit union, life insurance company, or other financial institution that customarily provides services or aids in the financing of mortgages on single-family residential housing, including a holding company for any of the foregoing, which has sought and received approval to participate in the Program.
- (9) VA--The United States Department of Veterans Affairs or any successor thereto.
- (10) VA guaranty--A guaranty of a mortgage loan under the VA Home Loan Guaranty Program.
Source Note:The provisions of this §177.1 adopted to be effective May 4, 1984, 9 TexReg 2263; amended to be effective October 22, 2000, 25 TexReg 10375; amended to be effective July 28, 2025, 50 TexReg 4973.