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Tex. Finance Code § 351.003

SECONDARY MARKET TRANSACTIONS

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 351.003, SECONDARY MARKET TRANSACTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647690
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(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.