Texas Finance Code 351.052 – Issuance of More Than One License for Property Tax Lender
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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.
Terms Used In Texas Finance Code 351.052
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
(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.