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Home > Title 7 > Part 5 > Chapter 89 >Subchapter B > Rule 89.203
TITLE 7 - BANKING AND SECURITIES
PART 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 89 - PROPERTY TAX LENDERS
SUBCHAPTER B - AUTHORIZED ACTIVITIES
SECTION/RULE §89.203 - Attempted Evasion of Applicability of Chapter
Chapter Review Date 08/20/2021

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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