Tex. Codes » Finance Code · TITLE 2. FINANCIAL REGULATORY AGENCIES · CHAPTER 11. FINANCE COMMISSION OF TEXAS
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Tex. Fin. Code § 11.308 (2026)

Interpretation Of Home Equity Lending Law

✓ laws through the 89th Legislature (2025)
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Sec. 11.308. INTERPRETATION OF HOME EQUITY LENDING LAW. The finance commission may, on request of an interested person or on its own motion, issue interpretations of Sections 50(a)(5)-(7), (e)-(p), (t), and (u), Article XVI, Texas Constitution. An interpretation under this section is subject to Chapter 2001, Government Code, and is applicable to all lenders authorized to make extensions of credit under Section 50(a)(6), Article XVI, Texas Constitution, except lenders regulated by the Credit Union Commission. The finance commission and the Credit Union Commission shall attempt to adopt interpretations that are as consistent as feasible or shall state justification for any inconsistency.

Acts 2003, 78th Leg., ch. 1207, Sec. 1, eff. Sept. 13, 2003.

Notes of Decisions
Cited in 16 cases, 2006–2019 · leading case: Fin. Comm'n v. Norwood, 418 S.W.3d 566 (Tex. 2013).
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Fin. Comm'n v. Norwood, 418 S.W.3d 566 (Tex. 2013). · cites it 2× “13, 2003), enacting Tex. Fin.Code §§ 11.308 & 15.413. *574 Section 11.”
Texas Bankers Ass'n v. Ass'n of Cmty. Organizations for Reform Now (ACORN), 303 S.W.3d 404 (Tex. App.—Austin 2010). · cites it 5× “Pursuant to this amendment, the legislature delegated interpretive authority over the home equity provisions to *408 the Commissions, see Tex. Fin.Code Ann. §§ 11.308, 15.413 (West Supp.”
Wells Fargo Bank, N.A. v. Leath, Lonzie, 425 S.W.3d 525 (Tex. App.—Dallas 2014). · cites it 2× “XVI, § 50(u) (legislature may designate one or more state agencies with authority to interpret the home equity provisions); TEX. FIN. CODE ANN. §§ 11.308, 15.413 (providing Texas Credit Union Commission and Texas Finance Commission, respectively, may interpret the home equity…”
Curry v. Bank of Am., N.A., 232 S.W.3d 345 (Tex. App.—Dallas 2007). “XVI, section 50(u) *354 (providing that the legislature may designate one or more state agencies the power to interpret the home equity loan provisions, among other constitutional provisions concerning the homestead); Tex. Fin. Code Ann. §§ 11.308 ,15.413 (Vernon Supp.”
Lisle Patton & Barrett Daffin Frappier Turner & Engel v. Collin D. Porterfield, 411 S.W.3d 147 (Tex. App.—Dallas 2013). “An interpretation under this section is applicable to all lenders authorized to make extensions of credit under section 50(a)(6), except lender regulated by the Credit Union Commission, Tex. Fin.Code Ann. § 11.308 (West 2013).”
Sims v. Carrington Mortg. Servs., LLC, 889 F. Supp. 2d 883 (N.D. Tex. 2012). · cites it 2× “granted)); Tex. Fin.Code §§ 11.308, 15.413. The Commissions then adopted a number of regulations interpreting the home equity provisions, now codified in the Texas Administrative Code.”
Sims v. Carrington Mortg. Servs., L.L.C., 538 F. App'x 537 (5th Cir. 2013). “; Tex. Fin.Code Ann. §§ 11.308, 15.413 (West 2013); 7 Tex.”
Gulley v. Countrywide Home Loans, Inc. (In re Gulley), 436 B.R. 878 (Bankr. N.D. Tex. 2010). “XVI, § 50(u); Tex.Fin.Code Ann. §§ 11.308 & 15.413. (Vernon 2003).”
Box v. First State Bank, 340 B.R. 782 (S.D. Tex. 2006). “Tex.Fin.Code Ann. § 11.308. Although these interpretations did not become effective until January 8, 2004, too late to apply to the Boxes’ loan, which closed on November 16, 2003, they are nonetheless instructive.”
Chambers v. First United Bank & Trust Co. (In re Chambers), 419 B.R. 652 (Bankr. E.D. Tex. 2009). “See Tex. Fin.Code AnN. § 11.308. With respect to § 50(a)(6)(A), the Texas Finance Commission has interpreted this provision to require that the lender obtain the consent of each owner and each owner’s spouse.”
Brei v. Ben Brinck (In re Brei), 599 B.R. 880 (Bankr. N.D. Tex. 2019). “XVI, § 50 (u); Tex. Fin. Code Ann. §§ 11.308 & 15.413 (West, Westlaw through 2017 1st C.”
Texas Bankers Ass'n v. Ass'n of Cmty. Organizations for Reform Now (ACORN), No. 03-06-00273-CV (Tex. App.—Austin Jan. 8, 2010). · cites it 3× “Pursuant to this amendment, the legislature delegated interpretive authority over the home equity provisions to the Commissions, see Tex. Fin. Code Ann. §§ 11.308 , 15.413 (West Supp.”
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