Tex. Gov't Code § 2306.225

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

Section 2306.225 - Ratio of Loan to Development Cost; Amortization Period

(a) Except as provided by Subsection (b), the ratio of loan to total housing development cost and the amortization period of a loan insured or guaranteed by the federal government is governed by the federal government mortgage insurance commitment or federal guarantee for each housing development.

(b) The amortization period for a loan may not exceed 40 years.

Tex. Gov't. Code § 2306.225

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.