Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 351.003 - Secondary Market Transactions(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.Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 206,Sec. 3, eff. 5/29/2013.Added by Acts 2007, 80th Leg., R.S., Ch. 1220, Sec. 1, eff. 9/1/2007.