Texas Business & Commerce Code
§ 21.002 — EXCEPTION FROM APPLICABILITY OF CHAPTER
BC § 21.002Title 2. COMPETITION AND TRADE PRACTICES · Ch. 21. REGULATION OF CERTAIN RESIDENTIAL FORECLOSURE CONSULTING SERVICES · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)Except as provided by Subsection (b), this chapter does not apply to the following persons that perform foreclosure consulting services:
(1)an attorney admitted to practice in this state who performs those services in relation to the attorney's attorney-client relationship with a homeowner or the beneficiary of the lien being foreclosed;
(2)a person that holds or is owed an obligation secured by a lien on a residence in foreclosure if the person performs those services in connection with the obligation or lien;
(3)a mortgage servicer of an obligation secured by a lien on a residence in foreclosure if the servicer performs those services in connection with the obligation or lien;
(4)a person that regulates banks, trust companies, savings and loan associations, credit unions, or insurance companies under the laws of this state or the United States if the person performs those services as part of the person's normal business activities;
(5)an affiliate of a person described by Subdivision (4) if the affiliate performs those services as part of the affiliate's normal business activities;
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Legislative history
Added by Acts 2011, 82nd Leg., R.S., Ch. 902 (S.B. 767), Sec. 1, eff. September 1, 2011.