<<Prev Rule

Texas Administrative Code

Next Rule>>
TITLE 7BANKING AND SECURITIES
PART 5OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 89PROPERTY TAX LENDERS
SUBCHAPTER FCOSTS AND FEES
RULE §89.603Fee for Payoff Statement or for Information on Current Balance Owed

(a) Initial payoff statement. Under Texas Tax Code, §32.06(f-3), a property tax lender is prohibited from charging any fee for providing an initial payoff statement.

(b) Additional payoff statements. A property tax lender may charge a fee not to exceed $10 for providing each additional payoff statement after an initial payoff statement has been provided.

(c) Fee for information on current balance owed. Under Texas Tax Code, §32.06(g), a property tax lender may charge the same fees contained in subsection (b) of this section for responding to a request for the current balance owed by the property owner.


Source Note: The provisions of this §89.603 adopted to be effective March 6, 2008, 33 TexReg 1772

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page