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
(a) Requests for payoff statements. A person who submits a request under Texas Tax Code, §32.06(a-6) and §89.801 of this title (relating to Requests for Payoff Statements), must use a form substantially similar to the model form prescribed by Figure: 7 TAC §89.803(a) of this title. The person submitting the request may consider making one or more of the following types of changes:(1) deleting fields labeled "Optional";(2) deleting the word "Optional" and surrounding parentheses;(3) replacing "Mortgage servicer" with an applicable description of the person submitting the request on the lienholder's behalf (e.g., "Law firm");(4) replacing "Property tax lender" with "Tax lien transferee" or "Transferee";(5) replacing "Borrower" with "Property owner";(6) replacing "Address of property" with "Legal description of property";(7) replacing "property tax loan" with "tax lien transfer";(8) replacing "other side" with "next page"; or(9) adding reasonable instructions regarding delivery of the payoff statement.(b) Payoff statements. A property tax lender who sends a payoff statement under Texas Tax Code, §32.06(a-6) and §89.802 of this title (relating to Payoff Statements), must use must use a form substantially similar to the model prescribed by Figure: 7 TAC §89.803(b) of this title. The property tax lender may consider making one or more of the following types of changes:(1) deleting fields labeled "Optional";(2) deleting the word "Optional" and surrounding parentheses;(3) replacing "Property tax lender" with "Tax lien transferee" or "Transferee";(4) replacing "Borrower" with "Property owner";(5) replacing "Address of property" with "Legal description of property";(6) replacing "property tax loan" with "tax lien transfer";(7) deleting the fields labeled "Additional fee description," if the total payoff amount does not include any fees other than the unpaid principal balance and accrued interest;(8) replacing "Additional fee description" with a description of an additional fee (e.g., "Return check fee"), and deleting the surrounding parentheses;(9) adding fields to describe additional fees; or(10) replacing "other side" with "next page."