Section 2306.1073 - Administration of Program; Rules(a) The department shall administer the program.(b) The board shall adopt rules governing: (1) the administration of the program;(2) the making of loans under the program;(3) the criteria for approving participating mortgage lenders;(4) the use of insurance on the loans and the homes financed under the program, as considered appropriate by the board to provide additional security for the loans;(5) the verification of occupancy of the home by the homebuyer as the homebuyer's principal residence; and(6) the terms of any contract made with any mortgage lender for processing, originating, servicing, or administering the loans.Tex. Gov't. Code § 2306.1073
Added by Acts 2007, 80th Leg., R.S., Ch. 1029, Sec. 1, eff. 9/1/2007.Added by Acts 2007, 80th Leg., R.S., Ch. 1341, Sec. 2, eff. 9/1/2007.