Texas Lending Laws

The Texas legislature has passed laws that are designed to protect homeowners and their families, and the state did not even allow home equity loans until 1997. Since that time, state laws have been amended to allow for home equity loans, but the laws include strong protections for consumers.

A loan-to-value ratio is calculated by dividing the new loan amount by the value of the property. For example, if a borrower seeks a $75,000 mortgage on a home worth $112,000, the LTV would be 67 percent, and allowed under Texas law.

In the 1990s, sale-leaseback agreements allowed lenders to skirt state rate. pioneered local regulation of payday businesses with a landmark.

One important area in which title loan laws in Texas place limits on borrowers is term limits. Borrowers do face loan term limits in Texas: credit service contracts may not exceed 180 days. This means a 30-day original title loan can be renewed a maximum of five times before no more renewals are allowed and the loan is due in full.

His college debut delayed for two years by knee injuries, Harris was UTSA’s starter for the first four games of the season.

But note that Texas has unique laws when it comes to cash-out loans and home equity. In Texas, the maximum loan-to-value (LTV) you can get for your primary residence is 80 percent, adds Ziev. Say.

If you're a homeowner in Texas and you've fallen behind on your mortgage payments, you might be wondering what happens during a foreclosure in your state.

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Predatory lending is any lending practice that imposes unfair or abusive loan terms on a borrower. It is also any practice that convinces a borrower to accept unfair terms through deceptive, coercive, exploitative or unscrupulous actions for a loan that a borrower doesn’t need, doesn’t want or can’t afford.

Although Texas residents have lower credit card and personal debt than. Residents owe far less on mortgages and student loans than the national average.

The latest developments in the evolution of Dodd-Frank and what it means for lending in Texas and nationwide, including a luncheon keynote by Blake Chavis .

valuable asset, Texas law also establishes limits on the use of home equity to protect homeowners from the risk of losing their homes. One such limit prohibits homeowners from having more than one home equity loan at a time, although a homeowner may have liens from other sources, such as a home improvement loan or a tax lien.