Section 59.102 - Closing Requirements(a) Purpose. The purpose of this section is to clarify and establish requirements related to the requirement that a wrap mortgage loan be closed by an attorney or title company, as provided by Finance Code §159.105.(b) Closing by Title Company. For purposes of Finance Code §159.105, a wrap mortgage loan may only be closed by a title company issuing an owner's title insurance policy to the wrap borrower for the residential real estate secured or designed to be secured by the wrap mortgage loan.7 Tex. Admin. Code § 59.102
Adopted by Texas Register, Volume 49, Number 46, November 15, 2024, TexReg 9218, eff. 11/23/2024