This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:38 GMT

TITLE 7 - BANKING AND SECURITIES
PART 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 89 - PROPERTY TAX LENDERS
SUBCHAPTER B - AUTHORIZED ACTIVITIES
SECTION/RULE §89.206 - Application for Exemption
Chapter Review Date 08/20/2021

(a) For an individual to apply for exemption from licensing under this chapter as a qualifying individual under Texas Finance Code, §351.051(c)(2), the individual must provide a signed, dated, and notarized affidavit containing the following:(1) the individual's name and address;(2) the individual's social security number;(3) the anticipated date of the property tax loan;(4) a description of the property by legal description, and if applicable, street address; and(5) a sworn statement that the individual is someone who:(A) is related to the property owner within the second degree of consanguinity or affinity, as determined under Texas Government Code, Chapter 573; or(B) makes five or fewer property tax loans in any consecutive 12-month period from the individual's own funds.(b) Upon receipt of an affidavit fulfilling the requirements of subsection (a) of this section, the commissioner will issue a certificate of exemption to the individual.(c) Individuals applying for exemption under Texas Finance Code, §351.051(c)(2) must submit an application according to this section for each property tax loan transaction.

Source Note: The provisions of this §89.206 adopted to be effective November 8, 2007, 32 TexReg 7918; amended to be effective September 5, 2013, 38 TexReg 5707.

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