The following terms, when used in this subchapter, have the following meanings, unless the context clearly indicates otherwise.
  (1) "Auxiliary mortgage loan activity company" has the meaning assigned by Finance Code §156.002.
  (2) "Commissioner" means the Savings and Mortgage Lending Commissioner appointed under Finance Code Chapter 13.
  (3) "Department" means the Department of Savings and Mortgage Lending.
  (4) "Finance Commission" means the Finance Commission of Texas.
  (5) "Grant Coordinator" means the individual appointed as the Grant Coordinator for purposes of §51.403 of this title (relating to Grant Coordinator).
  (6) "Mortgage Grant Advisory Committee" or "MGAC" means the Mortgage Grant Advisory Committee formed to advise the Commissioner concerning administration of the fund, as provided by §51.404 of this title (relating to Mortgage Grant Advisory Committee).
  (7) "Mortgage Grant Administration Manual" means the manual created by the Commissioner to reflect the various policies and procedures governing administration of the Mortgage Grant Fund grant program as provided by §51.402 of this title (relating to Commissioner as Manager).
  (8) "Mortgage Grant Fund" or "fund" means the fund the Commissioner is required to establish, administer, and maintain in accordance with Finance Code Chapter 156, Subchapter G.

Source Note: The provisions of this §51.401 adopted to be effective July 14, 2022, 47 TexReg 3962