Tex. Finance Code § 351.003
This is the official text of Tex. Finance Code § 351.003, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 351.003. SECONDARY MARKET TRANSACTIONS.
Official statutory text
(a) Except as provided by Subsection (b), this chapter does not prohibit a property tax lender from receiving compensation from a party other than the property tax loan applicant for the sale, transfer, assignment, or release of rights on the closing of a property tax loan transaction.
(b) A person may not sell, transfer, assign, or release rights to a property tax loan to a person who is not licensed under Section 351.051 or exempt from the application of this chapter under Section 351.051(c).
(c) The finance commission shall adopt rules to implement this section.
(b) A person may not sell, transfer, assign, or release rights to a property tax loan to a person who is not licensed under Section 351.051 or exempt from the application of this chapter under Section 351.051(c).
(c) The finance commission shall adopt rules to implement this section.
Status: in_force · Read it on the official government site
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