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TITLE 7BANKING AND SECURITIES
PART 5OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 89PROPERTY TAX LENDERS
SUBCHAPTER FCOSTS AND FEES
RULE §89.602Fee for Filing Release

(a) Allowable fee components. Under Texas Tax Code, §32.06(b), a licensee may charge the following for filing the release:

  (1) the actual cost charged by the county clerk for filing the release;

  (2) the actual cost of attorney's fees paid to an outside attorney who is not an employee of the property tax lender for preparing the release; and

  (3) an administrative fee not to exceed $35 for services related to filing provided by the property tax lender (e.g., costs to mail or deliver release to county clerk or taxing unit(s)).

(b) Potential limitations on administrative fee. The administrative fee provided by subsection (a)(3) of this section may be limited by other law.

(c) Maximum aggregate fee. The maximum aggregate fee for all of the items provided in subsection (a) of this section shall not exceed $110.


Source Note: The provisions of this §89.602 adopted to be effective March 6, 2008, 33 TexReg 1772; amended to be effective July 5, 2012, 37 TexReg 4874

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