Texas Finance Code

§ 351.0021 — AUTHORIZED CHARGES

FI § 351.0021Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 351. PROPERTY TAX LENDERS · Art. A. GENERAL PROVISIONS

Statute text

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(a)The contract between a property tax lender and a property owner may require the property owner to pay the following costs after closing:

(1)a reasonable fee for filing the release of a tax lien authorized under Section 32.06(b), Tax Code;

(2)a reasonable fee for a payoff statement authorized under Section 32.06(f-3), Tax Code;

(3)a reasonable fee for providing information regarding the current balance owed by the property owner authorized under Section 32.06(g), Tax Code;

(4)reasonable and necessary attorney's fees, recording fees, and court costs for actions that are legally required to respond to a suit filed under Chapter 33, Tax Code, or to perform a foreclosure, including fees required to be paid to an official and fees for an attorney ad litem;

(5)to the extent permitted by the United States Bankruptcy Code, attorney's fees and court costs for services performed after the property owner files a voluntary bankruptcy petition;

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 206 (S.B. 247), Sec. 1, eff. May 29, 2013.