Texas Finance Code
§ 351.051 — LICENSE REQUIRED
FI § 351.051Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 351. PROPERTY TAX LENDERS · Art. B. AUTHORIZED ACTIVITIES; LICENSE
Statute text
View on source(a)A person must hold a license issued under this chapter to:
(1)engage in the business of making, transacting, or negotiating property tax loans; or
(2)contract for, charge, or receive, directly or indirectly, in connection with a property tax loan subject to this chapter, a charge, including interest, compensation, consideration, or another expense, authorized under this chapter or Chapter 32, Tax Code.
(b)A person may not use any device, subterfuge, or pretense to evade the application of this section.
(c)Except as provided by Section 351.003, this chapter does not apply to:
(1)any of the following entities or an employee of any of the following entities, if the employee is acting for the benefit of the employer:
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Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 622 (S.B. 762), Sec. 5, eff. September 1, 2011. Acts 2013, 83rd Leg., R.S., Ch. 206 (S.B. 247), Sec. 4, eff. May 29, 2013.