To Install:
Get Texmod here: http://www.fileplanet.com/205418/200000/fileinfo/Texmod-v0.9b
To use in ME2, disable any overlays, such as Origin or Steam.
Put Texmod in the Binaries Folder
Rename MassEffect2.exe to Texmod and vise versa
Run Mass Effect 2 and Texmod should open
Then rename the applications back to their original names.
Select MassEffect2.exe and load the mods