Tex. Finance Code § 351.011
This is the official text of Tex. Finance Code § 351.011, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 351.011. VERIFICATION OF NET ASSETS.
Official statutory text
If the commissioner questions the amount of a property tax lender's net assets, the commissioner may require certification by an independent certified public accountant that:
(1) the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year;
(2) the books and other records are maintained using generally accepted accounting principles; and
(3) the property tax lender meets the net assets requirement of Section 351.153.
(1) the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year;
(2) the books and other records are maintained using generally accepted accounting principles; and
(3) the property tax lender meets the net assets requirement of Section 351.153.
Status: in_force · Read it on the official government site
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