Tex. Fin. Code § 351.011 · Subchapter A. GENERAL PROVISIONS
VERIFICATION OF NET ASSETS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1382 (S.B. 1620), Sec. 2, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.351.htm
- Text hash
- sha256 9572d10d9b7814820d20011fb03cee3a4bd75db20ed1b334825300d94de3c403
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.