SECURITY FOR LOAN.

Tex. NAT. RES Code § 161.505.
in effect
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A disbursement of money on a loan may not be made unless the loan is secured by a mortgage, deed of trust, or other lien on the land purchased with the proceeds of the loan. A mortgage, deed of trust, or other lien may be a participation in a lien securing any other loan for the purchase of the property, including a lien securing a home loan under Chapter 162 . Added by Acts 2001, 77th Leg., ch. 333, Sec. 2, eff. May 21, 2001.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026