Texas § FI.351.002 - DEFINITIONS
Full text of Texas The Texas Constitution § FI.351.002 — DEFINITIONS, with citation guidance and answers to common questions.
§ FI.351.002. DEFINITIONS
DEFINITIONS. In this chapter: (1) "Property tax lender" means a person that engages in activity requiring a license under Section 351.051 . The term does not include: (A) a person who is sponsored by a licensed property tax lender to assist with or perform the acts of a property tax lender; or (B) a person who performs only clerical functions such as delivering a loan application to a property tax lender, gathering or requesting information related to a property tax loan application on behalf of the prospective borrower or property tax lender, word processing, sending correspondence, or assembling files. (2) "Property tax loan" means an advance of money: (A) in connection with a transfer of lien under Section 32.06 , Tax Code, or a contract under Section 32.065 , Tax Code; (B) in connection with which the person making the transfer arranges for the payment, with a property owner's written consent, of property taxes and related closing costs on behalf of the property owner in accordance with Section 32.06 , Tax Code; and (C) that is secured by a special lien against property transferred from a taxing unit to the property tax lender and which may be further secured by the lien or security interest created by a deed of trust, security deed, or other security instrument. Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138 ), Sec. 1, eff. September 1, 2007.
Frequently Asked Questions About Texas § FI.351.002
What does The Texas Constitution § FI.351.002 cover?
Section FI.351.002 ("DEFINITIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.351.002?
A common citation format is "The Texas Constitution § FI.351.002" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.351.002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.