Sections
12 entriesSection 2956Requires written credit disclosures when a dwelling for no more than four families is purchased with vendor credit and an arranger of…Section 2957Defines key terms for the covered real-property loan provisions, including arranger of credit, borrower, lender, real property, residential dwelling, balloon payment, and…Section 2958Exempts a purchaser from the article’s disclosure when the purchaser is entitled to specified federal lending or settlement disclosures or the referenced…Section 2959Requires article disclosures before any note or security document is executed; later disclosure makes signed credit documents contingent on purchaser approval before…Section 2960Exempts a required disclosure from violation when it becomes inaccurate because of an act, occurrence, or agreement between the parties after delivery.…Section 2961Requires every disclosure required by this article and every act which is to be performed in making that disclosure to be made…Section 2962Allows the person making a disclosure under the article to amend that disclosure in writing. Requires any amendment to remain subject to…Section 2963Requires specified disclosures to both purchaser and vendor concerning the note, security documents and property, senior liens and defaults, refinancing and negative-amortization…Section 2964Establishes that specifying disclosure items in the article does not limit or reduce any disclosure obligation created by other law or any…Section 2965Establishes that failure to comply with the article does not by itself invalidate a covered credit or security document. A willful violator…Section 2966Requires the holder of a covered balloon-payment note with a term over one year, executed from July 1, 1983, to send prescribed…Section 2967Sets a two-year period to bring an action arising under the article, measured from the date liability arises. Extends the rule for…