Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 7. BANKING AND SECURITIES |
PART 5. OFFICE OF CONSUMER CREDIT COMMISSIONER |
CHAPTER 89. PROPERTY TAX LENDERS |
SUBCHAPTER E. DISCLOSURES |
SECTION 89.506. Disclosures
Latest version.
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(a) The required disclosure statement under Texas Tax Code, §32.06(a-4)(1) to be provided to a property owner before the execution of a tax lien transfer is presented in the following figures: (1) the following figure is for residential property tax loans: (2) the following figure is for commercial property tax loans: (b) A sample model notice of delinquency under Texas Tax Code, §32.06(f-1) that may be sent by the mortgage servicer or the holder of the first lien to the transferee of a tax lien is presented in the following example. Source Note: The provisions of this §89.506 adopted to be effective January 3, 2008, 32 TexReg 9944; amended to be effective September 5, 2013, 38 TexReg 5707; amended to be effective November 9, 2017, 42 TexReg 6131