Texas § 351.003 SECONDARY MARKET TRANSACTIONS.

Texas Statutes

§ 351.003 — SECONDARY MARKET TRANSACTIONS.

Texas § 351.003

Code FIFinance Code

This text of Texas § 351.003 (SECONDARY MARKET TRANSACTIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 351.003 (2026).

Text

Sec. 351.003. SECONDARY MARKET TRANSACTIONS.

(a)Except as provided by Subsection (b), this chapter does not prohibit a property tax lender from receiving compensation from a party other than the property tax loan applicant for the sale, transfer, assignment, or release of rights on the closing of a property tax loan transaction.

(b)A person may not sell, transfer, assign, or release rights to a property tax loan to a person who is not licensed under Section 351.051 or exempt from the application of this chapter under Section 351.051 (c).

(c)The finance commission shall adopt rules to implement this section.

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Sec. 351.003. SECONDARY MARKET TRANSACTIONS. (a) Except as provided by Subsection (b), this chapter does not prohibit a property tax lender from receiving compensation from a party other than the property tax loan applicant for the sale, transfer, assignment, or release of rights on the closing of a property tax loan transaction.
(b) A person may not sell, transfer, assign, or release rights to a property tax loan to a person who is not licensed under Section 351.051 or exempt from the application of this chapter under Section 351.051 (c).
(c) The finance commission shall adopt rules to implement this section.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138 ), Sec. 1, eff. September 1, 2007. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 206 (S.B. 247 ), Sec. 3, eff. May 29, 2013.