SECTION 89.203. Attempted Evasion of Applicability of Chapter

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A "device, subterfuge, or pretense to evade the application" of this chapter, as used in Texas Finance Code, §351.051(b) (Acts 2007, 80th Leg., ch. 1220) refers to any transaction that in form may appear on its face to be something other than a property tax loan, but in substance meets the definition of a property tax loan as defined in Texas Finance Code, §351.002(2) (Acts 2007, 80th Leg., ch. 1220).

Source Note: The provisions of this §89.203 adopted to be effective November 8, 2007, 32 TexReg 7918

                    
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