Texas Finance Code

§ 351.008 — EXAMINATION OF LENDERS; ACCESS TO RECORDS

FI § 351.008Title 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 commissioner or the commissioner's representative shall, at the times the commissioner or the representative considers necessary:

(1)examine each place of business of each property tax lender; and

(2)investigate the lender's transactions, including loans, and records, including books, accounts, papers, and correspondence, to the extent the transactions and records pertain to the business regulated under this chapter and Sections 32.06 and 32.065, Tax Code.

(b)The property tax lender shall:

(1)give the commissioner or the commissioner's representative free access to the lender's office, place of business, files, safes, and vaults; and

(2)allow the commissioner or the representative to make a copy of an item that may be investigated under Subsection (a)(2).

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Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 1382 (S.B. 1620), Sec. 2, eff. September 1, 2009.