Texas § 351.011 VERIFICATION OF NET ASSETS.

Texas Statutes

§ 351.011 — VERIFICATION OF NET ASSETS.

Texas § 351.011

Code FIFinance Code

This text of Texas § 351.011 (VERIFICATION OF NET ASSETS.) 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. § 351.011 (2026).

Text

Sec. 351.011. VERIFICATION OF NET ASSETS. If the commissioner questions the amount of a property tax lender's net assets, the commissioner may require certification by an independent certified public accountant that:

(1)the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year;

(2)the books and other records are maintained using generally accepted accounting principles; and

(3)the property tax lender meets the net assets requirement of Section 351.153 .

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Sec. 351.011. VERIFICATION OF NET ASSETS. If the commissioner questions the amount of a property tax lender's net assets, the commissioner may require certification by an independent certified public accountant that:
(1) the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year;
(2) the books and other records are maintained using generally accepted accounting principles; and
(3) the property tax lender meets the net assets requirement of Section 351.153 .