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Tex. Finance Code § 351.011

VERIFICATION OF NET ASSETS

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 351.011, VERIFICATION OF NET ASSETS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647698
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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: (1) the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year; (2) the books and other records are maintained using generally accepted accounting principles; and (3) the property tax lender meets the net assets requirement of Section 351.153.