Enforceability of Wrap Lien

Wrap Mortgage Loan Financing · Transaction Requirements; Remedies

A lien securing a wrap mortgage loan is void unless the wrap mortgage loan and the conveyance of the residential real estate securing the loan are closed by an attorney or a title company.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 76 (S.B. 43), Sec. 3, eff. January 1, 2022.