Texas Finance Code

§ 351.052 — ISSUANCE OF MORE THAN ONE LICENSE FOR PROPERTY TAX LENDER

FI § 351.052Title 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

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(a)The commissioner may issue more than one license to a property tax lender on compliance with this chapter for each license.

(b)A person who is required to hold a license under this chapter must hold a separate license for each office at which property tax loans are made, negotiated, serviced, held, or collected under this chapter.

(c)A license is not required under this chapter for a place of business:

(1)devoted to accounting or other recordkeeping; and

(2)at which property tax loans are not made, negotiated, serviced, held, or collected under this chapter.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff. September 1, 2007.