Month: October 2016

Mold Regulations for Texas Properties in Three Sentences

texas mold law regulationsTitle 25, Part 1, Chapter 295, Subchapter J of the Texas Administrative Code sets forth rules for assessing and remedying mold in Texas properties.

This subchapter delineates the qualifications for, and licensure of, mold-related professionals, provides a framework of mold assessment, remediation, and post-remediation standards and protocols, and contains penalties for non-compliance.

The recovery of damages for personal injury caused by mold is not addressed by these regulations, but is addressed by other law.

In our Law 101 posts, we define terms, phrases, or concepts with the goal of conveying core information in order to set the stage for more complex discussions.

Mortgage Origination, Servicing, Holding, and Participation

texas mortgage loan real estate lawTo learn the mortgage market, one must understand the fundamental differences between mortgage origination, servicing, holding, and participation.

  • The company or individual who creates the mortgage loan is referred to as the originator.
  • The company or individual who collects loan payments and interacts with the borrower is the mortgage servicer.
  • The company or individual who owns the mortgage loan is known to hold the loan.
  • When more than one company or individual lend a portion of the entire mortgage loan, all such lenders are participating in the mortgage loan.

In our Law 101 posts, we define terms, phrases, or concepts with the goal of conveying core information in order to set the stage for more complex discussions.