| (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."
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