RATIO OF LOAN TO DEVELOPMENT COST; AMORTIZATION PERIOD.

Tex. GOV'T Code § 2306.225.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(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. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

Starting a business in Texas? Texas LLC guide: costs and requirements