Texas Business & Commerce Code

§ 21.102 — PROHIBITED CONDUCT

BC § 21.102Title 2. COMPETITION AND TRADE PRACTICES · Ch. 21. REGULATION OF CERTAIN RESIDENTIAL FORECLOSURE CONSULTING SERVICES · Art. C. LIMITATIONS, PROHIBITIONS, AND DUTIES REGARDING SERVICES

Statute text

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A foreclosure consultant may not:

(1)take any power of attorney from a homeowner for any purpose other than to inspect documents;

(2)for purposes of securing payment of compensation, acquire an interest, directly or indirectly, in the real or personal property of the homeowner of a residence in foreclosure with whom the foreclosure consultant has contracted to perform services; or

(3)take an assignment of wages to secure payment of compensation.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 902 (S.B. 767), Sec. 1, eff. September 1, 2011.