{"data":{"id":"us-tx/tex.-finance-code-351.011","jurisdiction":"us-tx","citation":"Tex. Finance Code § 351.011","heading":"VERIFICATION OF NET ASSETS.","body":"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:\n(1) the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year;\n(2) the books and other records are maintained using generally accepted accounting principles; and\n(3) the property tax lender meets the net assets requirement of Section 351.153.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 1382 (S.B. 1620), Sec. 2, eff. September 1, 2009.","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#351.011","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"ee6cf72d4d33c2ae9f56a001cc2d939a73752be77a995abda68c965ffe4d17c7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-351.010","next":"us-tx/tex.-finance-code-351.012"},"notice":"GroundRules: Original legal text. Not legal advice."}