Sec. 351.052. ISSUANCE OF MORE THAN ONE LICENSE FOR PROPERTY TAX LENDER. (a) The commissioner may issue more than one license to a property tax lender on compliance with this chapter for each license.
(b) A person who is required to hold a license under this chapter must hold a separate license for each office at which property tax loans are made, negotiated, serviced, held, or collected under this chapter.
(c) A license is not required under this chapter for a place of business:
(1) devoted to accounting or other recordkeeping; and
(2) at which property tax loans are not made, negotiated, serviced, held, or collected under this chapter.
Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138), Sec. 1, eff. September 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 351 - Property Tax Lenders
Subchapter B. Authorized Activities; License
Section 351.051. License Required
Section 351.0515. Residential Mortgage Loan Originator License Required
Section 351.052. Issuance of More Than One License for Property Tax Lender
Section 351.053. Area of Business; Property Tax Loans by Mail or Online