In Texas, how long does a lender have to provide a Borrower’s Last Disbursement Notice?

Study for the Texas Real Estate Finance Test with flashcards and multiple choice questions. Each question includes hints and explanations to ready you for your exam!

In Texas, a lender is required to provide a Borrower's Last Disbursement Notice within 30 days. This notice serves to inform the borrower about the final disbursement of their loan funds, ensuring transparency in the lending process. The 30-day timeframe is established by Texas law to protect borrowers, allowing them to be fully informed about their loan status and any associated financial obligations. This regulation is part of the broader effort to promote responsible lending practices and enhance consumer protection within the real estate finance sector in Texas.

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