{"data":{"id":"us-tx/tex.-finance-code-351.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 351.002","heading":"DEFINITIONS.","body":"In this chapter:\n(1) \"Property tax lender\" means a person that engages in activity requiring a license under Section 351.051. The term does not include:\n(A) a person who is sponsored by a licensed property tax lender to assist with or perform the acts of a property tax lender; or\n(B) a person who performs only clerical functions such as delivering a loan application to a property tax lender, gathering or requesting information related to a property tax loan application on behalf of the prospective borrower or property tax lender, word processing, sending correspondence, or assembling files.\n(2) \"Property tax loan\" means an advance of money:\n(A) in connection with a transfer of lien under Section 32.06, Tax Code, or a contract under Section 32.065, Tax Code;\n(B) in connection with which the person making the transfer arranges for the payment, with a property owner's written consent, of property taxes and related closing costs on behalf of the property owner in accordance with Section 32.06, Tax Code; and\n(C) that is secured by a special lien against property transferred from a taxing unit to the property tax lender and which may be further secured by the lien or security interest created by a deed of trust, security deed, or other security instrument.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff. September 1, 2007.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 351. PROPERTY TAX LENDERS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.351.htm#351.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"77c36d9ef2c6c296d188cb351744f354e032313b4bdf3427c9d7445e31b3ef8e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-351.001","next":"us-tx/tex.-finance-code-351.0021"},"notice":"GroundRules: Original legal text. Not legal advice."}