Sec. 351.004. AFFILIATED BUSINESS ARRANGEMENTS. A property tax lender may conduct business under this chapter in an office, office suite, room, or place of business in which any other business is conducted or in combination with any other business unless the commissioner:
(1) determines after a hearing that the conduct of the other business in that office, office suite, room, or place of business has concealed an evasion of this chapter; and
(2) orders the lender in writing to desist from the conduct of the other business in that office, office suite, room, or place of business.
Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff. September 1, 2007.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1382 (S.B. 1620), Sec. 1, eff. September 1, 2009.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 351 - Property Tax Lenders
Subchapter A. General Provisions
Section 351.0021. Authorized Charges
Section 351.0022. Waiver Prohibited
Section 351.0023. Solicitation of Loans; Notice
Section 351.003. Secondary Market Transactions
Section 351.004. Affiliated Business Arrangements
Section 351.005. Application of Tax Code
Section 351.008. Examination of Lenders; Access to Records
Section 351.009. General Investigation
Section 351.010. Refusal to Allow Examination or Inspection