Texas Loan Status Rules and Forms Amended Effective May 1, 2020

In Client and Friends Memos, Forms by BMG Memorandum

In the November 1, 2019, issue of the Texas Register (44 TexReg 6524, 6527) the Finance Commission of Texas adopted amendments to the Texas Administrative Code rules in 7 TAC §§80.201 and 81.201 concerning the usage of the conditional pre-qualification and conditional loan approval forms (herein “loan status forms”) attached to §§80.201 and 81.201 as Forms A and B. The Finance Commission of Texas also amended the texts of these loan status forms.

These adopted amendments to §§80.201 and 81.201 and their respective loan status forms will not take effect until May 1, 2020.

Full Memorandum