10 Tex. Admin. Code § 27.7

Current through Reg. 49, No. 50; December 13, 2024

Section 27.7 - Resale of the Residence

Mortgage Loans that are financed with the proceeds of tax-exempt bonds, or for which a Mortgage Credit Certificate has been or will be issued, will be subject to federal income tax recapture provisions. Assumption of a Mortgage Loan is allowed under the Program if the new owner meets the Program requirements at the time of the sale of the Residence.

10 Tex. Admin. Code § 27.7

The provisions of this §27.7 adopted to be effective October 30, 2012, 37 TexReg 8503; Adopted by Texas Register, Volume 45, Number 05, January 31, 2020, TexReg 743, eff. 2/5/2020; Adopted by Texas Register, Volume 47, Number 08, February 25, 2022, TexReg 0906, eff. 3/3/2022