Texas § FI.347.254 - PAYMENT OF TAXES THROUGH THE CREDITOR
Full text of Texas The Texas Constitution § FI.347.254 — PAYMENT OF TAXES THROUGH THE CREDITOR, with citation guidance and answers to common questions.
§ FI.347.254. PAYMENT OF TAXES THROUGH THE CREDITOR
PAYMENT OF TAXES THROUGH THE CREDITOR. (a) Except as provided by Subsection (c), a creditor shall require a consumer to pay ad valorem taxes on the manufactured home through the creditor. (b) The creditor may: (1) include in the credit transaction an amount equal to a reasonable estimate of the tax for the first year; or (2) require that the consumer pay on each installment due date an amount equal to one-twelfth of the reasonable estimate of the tax for the first year. (c) The escrow requirement of Subsection (a) does not apply to a transaction involving a manufactured home if the creditor is a federally insured financial institution and does not otherwise require the escrow of taxes, insurance premiums, fees, or other charges in connection with loans secured by residential real property. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 338, Sec. 40, eff. June 18, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.347.254
What does The Texas Constitution § FI.347.254 cover?
Section FI.347.254 ("PAYMENT OF TAXES THROUGH THE CREDITOR") 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.347.254?
A common citation format is "The Texas Constitution § FI.347.254" (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.347.254 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.