| (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.
|
