Housing Laws In Texas

In general Housing laws in Texas are derived from two sources: Federal and State statutes. These laws include prohibitions against discrimination, HUD advertising guidelines, equal housing opportunity regulations, the Equal Credit Opportunity Act, Fair Credit Act, Fair Debt Reporting Act, and the Americans with Disabilities Act. These laws apply also to brokers, lenders, mortgage companies and credit reporting agencies in various forms which are designed to promote the availability of affordable real estate financing for all state residents.

Housing Laws - Texas Bankruptcy History

Credit Reporting Agencies are permitted to include a reference to prior bankruptcy for up to ten years following discharge (case closure). Lenders are permitted to inquire about prior discharges in Chapter 7 and Chapter 13 cases in all applications, and may use a prior discharge as a basis for denying new credit. Also be aware that many lenders today specialize in poor credit, bad, credit, no credit and even loans after bankruptcy.

The Secretary of State for the State of Texas provides corporate information via telephone. This information includes the name, address and contact information for the corporate representative, as well as the date of original incorporation and whether the entity remains active. All bankruptcy cases require a list of creditors, and if the address included within the list of creditors is incorrect, and notice of filing is not delivered, subsequent actions taken by the Bankruptcy Court are ineffective against that creditor. Failure to provide notice is one of the damaging and easily preventable errors made by debtors.