reglab/housing_qa huggingface dataset:
TX Fin Code § 347.253 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter F. Payment of Insurance and Taxes|Section 347.253. Adjustment of Amounts Paid to Creditor for Insurance

Sec. 347.253.  ADJUSTMENT OF AMOUNTS PAID TO CREDITOR FOR INSURANCE.  (a)  If the amount held by a creditor to pay insurance premiums and the amounts for insurance to be paid to the creditor with installments before the due date of an insurance premium exceed the amount required to pay the insurance premium when it is due, the creditor, at the consumer's option, shall:(1)  repay the excess to the consumer;  or(2)  credit the excess to the payment of the consumer's future insurance premium installments.(b)  If the amount held by the creditor to pay insurance premiums is not sufficient to pay an insurance premium when it is due, the consumer, not later than the 30th day after the date on which the creditor mails to the consumer notice requesting the consumer to pay the amount of the deficiency, shall pay to the creditor an amount equal to the amount of the deficiency.(c)  If the consumer fails to pay the amount under Subsection (b) for insurance required by the creditor under Section 347.201, the creditor may treat the deficiency in the same manner as provided by Section 347.203 for the consumer's failure to obtain the required insurance.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.254 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter F. Payment of Insurance and Taxes|Section 347.254. Payment of Taxes Through the Creditor

Sec. 347.254.  PAYMENT OF TAXES THROUGH THE CREDITOR.  (a)  Except as provided by Subsection (c), a creditor shall require a consumer to pay ad valorem taxes on the manufactured home through the creditor.(b)  The creditor may:(1)  include in the credit transaction an amount equal to a reasonable estimate of the tax for the first year;  or(2)  require that the consumer pay on each installment due date an amount equal to one-twelfth of the reasonable estimate of the tax for the first year.(c)  The escrow requirement of Subsection (a) does not apply to a transaction involving a manufactured home if the creditor is a federally insured financial institution and does not otherwise require the escrow of taxes, insurance premiums, fees, or other charges in connection with loans secured by residential real property.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 338, Sec. 40, eff. June 18, 2003.|
TX Fin Code § 347.255 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter F. Payment of Insurance and Taxes|Section 347.255. Adjustment of Amounts Paid to Creditor for Taxes

Sec. 347.255.  ADJUSTMENT OF AMOUNTS PAID TO CREDITOR FOR TAXES.  (a)  If the amount held by a creditor to pay ad valorem taxes on the manufactured home and the amounts for taxes to be paid to the creditor with installments before the due date of the tax exceed the amount required to pay the tax when it is due, the creditor, at the consumer's option, shall:(1)  repay the excess to the consumer;  or(2)  credit the excess to the payment of the consumer's future tax installments.(b)  If the amount held by the creditor to pay ad valorem taxes on the manufactured home is not sufficient to pay the tax when it is due, the consumer, before the 31st day after the date on which the creditor mails to the consumer notice requesting the consumer to pay the amount of the deficiency, shall pay to the creditor an amount equal to the amount of the deficiency.(c)  If the consumer fails to pay the amount under Subsection (b), the creditor may treat the deficiency in the same manner as provided by Section 347.203 for the consumer's failure to obtain the required insurance.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.256 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter F. Payment of Insurance and Taxes|Section 347.256. Creditor's Action on Consumer's Failure to Pay Taxes

Sec. 347.256.  CREDITOR'S ACTION ON CONSUMER'S FAILURE TO PAY TAXES.  (a)  If a consumer does not pay a tax that has been assessed against the manufactured home, the creditor may treat the failure as a default or may:(1)  pay to the appropriate taxing authority the unpaid tax and any interest or other charge due;  and(2)  add to the unpaid balance of the credit transaction the amounts paid to the taxing authority and interest, at the interest rate or time price differential applicable to the transaction on the date payment is made.(b)  If the creditor pays a tax under this section, the creditor shall notify the consumer that:(1)  the tax and interest or other charges have been paid, as appropriate;  and(2)  those amounts have been added to the unpaid balance of the credit transaction.(c)  The creditor may determine the period and number of installments in which the consumer is required to pay the amounts added to the unpaid balance, including payment of the entire amount on the date of the last installment, payment in equal increments added to each of the remaining installments, or payment in a lesser number of installments or unequal increments.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.257 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter F. Payment of Insurance and Taxes|Section 347.257. Agreement to Include Taxes in Credit Transaction

Sec. 347.257.  AGREEMENT TO INCLUDE TAXES IN CREDIT TRANSACTION.  (a)  A consumer and creditor may agree to:(1)  have the creditor pay taxes, and interest or other charges, assessed by a taxing authority against a manufactured home after the date of the credit document;  and(2)  include the amount paid by the creditor in the unpaid balance of the credit transaction.(b)  Interest on the amounts added to the unpaid balance under this section accrues at the interest rate or time price differential applicable to the credit transaction.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.258 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter F. Payment of Insurance and Taxes|Section 347.258. Deposit Amounts Paid for Taxes or Insurance

Sec. 347.258.  DEPOSIT AMOUNTS PAID FOR TAXES OR INSURANCE.  (a)  This section applies to amounts received in installments by a creditor for the payment of ad valorem taxes or insurance premiums.(b)  The creditor shall deposit and hold the amount in an institution the deposits or accounts of which are insured or guaranteed by a federal or state agency.(c)  The creditor shall use the amount to pay the ad valorem taxes or insurance on the manufactured home, as appropriate.(d)  The creditor may not charge an amount for:(1)  holding or paying an amount received;(2)  analyzing the account in which the amount is deposited;  or(3)  verifying or compiling the bills to be paid.(e)  The creditor is not required to pay to the consumer any interest or earnings on an amount received.(f)  The creditor shall give to the consumer, without charge, an annual accounting of the amounts received showing credits and debits and the purpose for which each debit was made.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.301 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter G. Miscellaneous Fees and Charges|Section 347.301. Fees for Transactions Without Real Property

Sec. 347.301.  FEES FOR TRANSACTIONS WITHOUT REAL PROPERTY.  (a)  This section applies only to a credit transaction that does not involve real property.(b)  Only a fee or tax that is paid by the creditor as required by law, including a rule, or a fee or tax paid on behalf of the consumer to a governmental entity in relation to the credit transaction may be charged to the consumer.(c)  A documentary fee for the preparation of a credit document may not be charged to the consumer.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.21(a), eff. Sept. 1, 1999.|
TX Fin Code § 347.302 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter G. Miscellaneous Fees and Charges|Section 347.302. Charge Prohibited

Sec. 347.302.  CHARGE PROHIBITED.  A creditor may not charge a consumer any amount in connection with processing a credit transaction rate adjustment under Subchapter C.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.307 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter G. Miscellaneous Fees and Charges|Section 347.307. Charges on Repossession

Sec. 347.307.  CHARGES ON REPOSSESSION.  A credit document may provide for payment of:(1)  reasonable attorney's fees;(2)  court costs and disbursements;  and(3)  the charge and collection of actual and reasonable out-of-pocket expenses incurred in connection with repossession of the manufactured home that secures the payment of the credit transaction or foreclosure of a lien on the manufactured home, including costs of storing, reconditioning, and reselling the manufactured home, subject to the standards of good faith and commercial reasonableness set by the Business & Commerce Code.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.308 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter G. Miscellaneous Fees and Charges|Section 347.308. Fee for Transfer of Obligor on Debt

Sec. 347.308.  FEE FOR TRANSFER OF OBLIGOR ON DEBT.  A creditor may:(1)  agree to accept a subsequent consumer as an obligor under an existing obligation;  and(2)  charge a transfer fee that does not exceed the greater of:(A)  $50;  or(B)  one-half of one percent of the unpaid balance of the credit transaction computed under Section 347.155.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.351 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter H. Actions on Default|Section 347.351. Delinquency Charge on Default

Sec. 347.351.  DELINQUENCY CHARGE ON DEFAULT.  (a)  On each installment in default for more than 15 days, a creditor may collect a delinquency charge that does not exceed the lesser of an amount equal to five percent of the installment or $20.(b)  Only one delinquency charge may be collected on an installment, regardless of the period for which the installment remains in default.(c)  The charge or collection of a delinquency charge does not affect the right of a creditor to accelerate the debt under this subchapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.352 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter H. Actions on Default|Section 347.352. Acceleration of Debt Maturity

Sec. 347.352.  ACCELERATION OF DEBT MATURITY.  A creditor may accelerate the maturity of all or a part of the amount owed under a credit transaction only if the consumer is in default on the performance of an obligation under the credit transaction.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.353 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter H. Actions on Default|Section 347.353. Computing Amount Owed for Purpose of Acceleration

Sec. 347.353.  COMPUTING AMOUNT OWED FOR PURPOSE OF ACCELERATION.  In computing the amount that is owed under a credit transaction, the creditor shall grant to the consumer a refund of the finance charge computed under Section 347.155.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.354 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter H. Actions on Default|Section 347.354. Accrual of Interest on Acceleration

Sec. 347.354.  ACCRUAL OF INTEREST ON ACCELERATION.  If payment of a debt is accelerated, interest accrues on the amount owed under the credit transaction, including expenses authorized under Section 347.307 that are incurred, at a rate equal to the rate applicable to the credit transaction at the time of the acceleration.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.355 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter H. Actions on Default|Section 347.355. Repossession on Default

Sec. 347.355.  REPOSSESSION ON DEFAULT.  (a)  If a consumer is in default, the creditor who possesses the first recorded perfected security interest may repossess the manufactured home.(b)  If the manufactured home is affixed to real property, the creditor, after notice, may remove the manufactured home from the real property in accordance with the applicable provisions of the Business & Commerce Code as if it were personal property.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.356 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter H. Actions on Default|Section 347.356. Requirements for Action to Repossess, Foreclose, or Accelerate Payment of Entire Debt

Sec. 347.356.  REQUIREMENTS FOR ACTION TO REPOSSESS, FORECLOSE, OR ACCELERATE PAYMENT OF ENTIRE DEBT.  An action to repossess a manufactured home, foreclose a lien on a manufactured home, or accelerate payment of the entire unpaid balance of a credit transaction must comply with the regulations of the Office of the Comptroller of the Currency relating to the disclosure required for repossession, foreclosure, or acceleration except in extreme circumstances, including abandonment or voluntary surrender of the manufactured home.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2017, 85th Leg., R.S., Ch. 408 (H.B. 2019), Sec. 76, eff. September 1, 2017.|
TX Fin Code § 347.357 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter H. Actions on Default|Section 347.357. Disposal of Insurance and Tax Escrow Account on Default

Sec. 347.357.  DISPOSAL OF INSURANCE AND TAX ESCROW ACCOUNT ON DEFAULT.  If a consumer is in default, the amount in the consumer's insurance and tax escrow accounts established under Section 347.258 shall be applied to the remaining balance of the credit transaction.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.401 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter I. Security Interests in Manufactured Homes|Section 347.401. Priority of Security Interest for Unpaid Rental of Real Property

Sec. 347.401.  PRIORITY OF SECURITY INTEREST FOR UNPAID RENTAL OF REAL PROPERTY.  Except as provided by this subchapter, a lien or charge against a manufactured home for unpaid rental of the real property on which the manufactured home is or has been located is subordinate to the rights of a creditor with a security interest or lien that is:(1)  perfected under this chapter;  and(2)  recorded on the document of title issued on the manufactured home.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.402 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter I. Security Interests in Manufactured Homes|Section 347.402. Possessory Lien

Sec. 347.402.  POSSESSORY LIEN.  (a)  The owner of the real property on which a manufactured home is or has been located and for which rental charges have not been paid has a possessory lien that is not subject to Section 347.401 to secure rental charges described by Subsection (b) if:(1)  the creditor described by Section 347.401 repossesses the manufactured home when the charges have not been paid;  and(2)  the owner of the real property has mailed to the creditor by certified mail, return receipt requested, written notice of the unpaid charges.(b)  The possessory lien secures rental charges that begin to accrue:(1)  for a manufactured home that is abandoned or voluntarily surrendered by the consumer, from and after the 15th day after the date on which the creditor receives the written notice of the unpaid charges;  or(2)  for a manufactured home that is not abandoned or voluntarily surrendered by the consumer, from and after the 15th day after the first day on which both:(A)  all notice and grace periods that the creditor is required to give the consumer before repossession under any applicable contract or law have expired;  and(B)  the creditor has received the written notice of the unpaid charges.(c)  The maximum daily rental charge that is secured by the possessory lien is equal to one-thirtieth of the monthly rental payment last paid by the consumer.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.403 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter I. Security Interests in Manufactured Homes|Section 347.403. Amounts That May Be Recovered by Real Property Owner

Sec. 347.403.  AMOUNTS THAT MAY BE RECOVERED BY REAL PROPERTY OWNER.  In addition to the recovery of the rental charges, the owner of real property who is required to retain legal counsel to recover the amounts subject to the possessory lien under Section 347.402 is entitled to recover:(1)  other actual damages;(2)  attorney's fees;  and(3)  court costs.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.404 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter I. Security Interests in Manufactured Homes|Section 347.404. Liability of Real Property Owner for Refusal to Allow Creditor to Repossess Manufactured Home

Sec. 347.404.  LIABILITY OF REAL PROPERTY OWNER FOR REFUSAL TO ALLOW CREDITOR TO REPOSSESS MANUFACTURED HOME.  (a)  Unless an owner of real property has a possessory lien that has priority under Section 347.402, the owner of the real property may not refuse to allow a creditor to repossess and move the manufactured home.(b)  An owner of the real property who unlawfully refuses to allow the creditor to repossess and move the manufactured home is liable to the creditor for:(1)  an amount computed for each day that the owner of the real property maintains possession of the home equal to one-thirtieth of the monthly payment last paid by the consumer on the credit transaction;(2)  other actual or exemplary damages;(3)  attorney's fees;(4)  court costs;  and(5)  any injunctive relief ordered by a court.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 347.451 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 347 - Manufactured Home Credit Transactions|Subchapter J. Rights and Duties of Creditor and Residential Mortgage Loan Originator|Section 347.451. Registration of Certain Creditors

Sec. 347.451.  REGISTRATION OF CERTAIN CREDITORS.  (a)  A creditor who is not an authorized lender under Chapter 342 or a credit union shall:(1)  register with the Office of Consumer Credit Commissioner; and(2)  pay a fee of $15 for each location at which a credit transaction is originated, serviced, or collected.(a-1)  A registration issued under this section is valid for the period prescribed by finance commission rule adopted under Section 14.112.(b)  Subject to Section 14.112, the finance commission by rule may establish procedures to facilitate the registration and collection of fees under this section.(b-1)  A registered creditor that engages in the activity of originating a residential mortgage loan must meet the surety bond or recovery fund fee requirement, as applicable, of the creditor's residential mortgage loan originator under  Section 180.058.(c)  If a creditor fails to renew the creditor's registration, the commissioner shall, not later than the 30th day after the date of expiration of the registration, notify the creditor of the expiration and of the procedures applicable to renewal.(d)  A creditor shall file the registration renewal and pay the registration fee to the commissioner not later than the 30th day after the date on which the creditor receives the notice under Subsection (c).(e)  The commissioner may refuse to renew the registration of a creditor who fails to comply with an order issued by the commissioner to enforce this chapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 97, eff. Sept. 1, 2001.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 13, eff. June 19, 2009.Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 31, eff. September 1, 2019.|