Tex. Fin. Code § 351.051 · Subchapter B. AUTHORIZED ACTIVITIES; LICENSE
LICENSE REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person must hold a license issued under this chapter to:
(1) engage in the business of making, transacting, or negotiating property tax loans; or
(2) contract for, charge, or receive, directly or indirectly, in connection with a property tax loan subject to this chapter, a charge, including interest, compensation, consideration, or another expense, authorized under this chapter or Chapter 32, Tax Code.
(b) A person may not use any device, subterfuge, or pretense to evade the application of this section.
(c) Except as provided by Section 351.003, this chapter does not apply to:
(1) any of the following entities or an employee of any of the following entities, if the employee is acting for the benefit of the employer:
(A) a bank, savings bank, or savings and loan association, or a subsidiary or an affiliate of a bank, savings bank, or savings and loan association; or
(B) a state or federal credit union, or a subsidiary, affiliate, or credit union service organization of a state or federal credit union; or
(2) an individual who:
(A) is related to the property owner within the second degree of consanguinity or affinity, as determined under Chapter 573, Government Code; or
(B) makes five or fewer property tax loans in any consecutive 12-month period from the individual's own funds.
(d) A property tax lender licensed under this chapter is not required to be licensed under Chapter 156 or any other provision of this code.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff. September 1, 2007.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 622 (S.B. 762), Sec. 5, eff. September 1, 2011.
Acts 2013, 83rd Leg., R.S., Ch. 206 (S.B. 247), Sec. 4, eff. May 29, 2013.
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 638b45da781957e472074fca80919d846c0437d3e4c0ef23c2606adf74ca207a
- 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.
Finance Code
Government Code
Cited by 5 provisions
Provisions in this library whose text cites Tex. Fin. Code § 351.051. Each shows the citation as that text prints it.
Finance Code
- Tex. Fin. Code § 351.002DEFINITIONS.Printed as Section 351.051
- Tex. Fin. Code § 351.003SECONDARY MARKET TRANSACTIONS.Printed as Section 351.051 | Section 351.051(c)
- Tex. Fin. Code § 351.009GENERAL INVESTIGATION.Printed as Section 351.051
- Tex. Fin. Code § 351.054NOTICE TO TAXING UNIT.Printed as Section 351.051(c)(1) | Section 351.051(c)(2)
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.