Tex. Fin. Code § 159.151

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 159.151 - Money Held In Trust

A person who collects or receives a payment from a wrap borrower under the terms of a wrap mortgage loan holds the money in trust for the benefit of the borrower.

Tex. Fin. Code § 159.151

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 76,Sec. 3, eff. 1/1/2022.