Sec. 2602.111.  DELEGATION OF POWERS AND DUTIES.  (a)  The plan of operation may provide that, on approval of the board, a power or duty of the association may be delegated to a corporation or other organization that:
(1)  performs or will perform in two or more states functions similar to those of the association or its equivalent; and
(2)  provides protection not substantially less favorable and effective than that provided by this chapter.
(b)  A power or duty under Section 2602.101(a)(1) or (4), 2602.107, 2602.201, 2602.202, 2602.203, or 2602.205 may not be delegated under this section.
(c)  The corporation or other organization shall be:
(1)  reimbursed as a servicing facility would be reimbursed;  and
(2)  paid for its performance of any other functions of the association.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by: 
Acts 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614), Sec. 12, eff. September 1, 2019.