By Olivo H.B. No. 3239 77R8557 DWS-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to home loan documents. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Subtitle B, Title 4, Finance Code, is amended by 1-5 adding Chapter 343 to read as follows: 1-6 CHAPTER 343. LENDER PRACTICES 1-7 Sec. 343.001. DOCUMENT WITH BLANKS. (a) In this section, 1-8 "home loan" means a loan to one or more individuals, other than a 1-9 reverse mortgage, in which: 1-10 (1) the principal amount does not exceed the 1-11 conforming loan size limit for a single-family dwelling established 1-12 by the Federal National Mortgage Association; 1-13 (2) the debt is incurred primarily for personal, 1-14 family, or household purposes; and 1-15 (3) the loan is secured by a mortgage or deed of trust 1-16 on real property on which is located or is to be located one or 1-17 more structures designed principally for occupancy by four or fewer 1-18 families that are or will be occupied by the borrower as the 1-19 borrower's principal residence. 1-20 (b) A home loan document in which blanks are left to be 1-21 filled in after it is signed by the borrower is void. 1-22 SECTION 2. This Act takes effect September 1, 2001, and 1-23 applies only to a loan closed on or after that date.