Texas Home Equity - Record Retention requirements

Posted By: Ninky

Texas Home Equity - Record Retention requirements - 04/18/14 03:13 PM

We cannot find anything specific to Home Equity in the TX constitution for record retention. Can anyone share what the requirements are and where to find that information?
Posted By: rlcarey

Re: Texas Home Equity - Record Retention requirements - 04/18/14 07:15 PM

The retention of what?
Posted By: Ninky

Re: Texas Home Equity - Record Retention requirements - 04/18/14 09:32 PM

Proof of TX requirements:

-Receipt of Notice Concerning Extension of Credit
-Statements verifying they have not signed blank instruments
-Statements they rec'd final appl and disclos 1 day in advance
-Signed Notice of Penalties for Making False or Misleading Statements
-Voluntary Designation of Homestead
-Acknowledgment of Fair Market Value
You know, Texas HEL specific requirements.
Posted By: rlcarey

Re: Texas Home Equity - Record Retention requirements - 04/20/14 01:59 PM

No different than the length of time you are required to keep documents for any other loan you make.