Texas § FI.351.051 - LICENSE REQUIRED
Full text of Texas The Texas Constitution § FI.351.051 — LICENSE REQUIRED, with citation guidance and answers to common questions.
§ FI.351.051. LICENSE REQUIRED
LICENSE REQUIRED. (a) A person must hold a license issued under this chapter to: (1) engage in the business of making, transacting, or negotiating property tax loans; or (2) contract for, charge, or receive, directly or indirectly, in connection with a property tax loan subject to this chapter, a charge, including interest, compensation, consideration, or another expense, authorized under this chapter or Chapter 32 , Tax Code. (b) A person may not use any device, subterfuge, or pretense to evade the application of this section. (c) Except as provided by Section 351.003 , this chapter does not apply to: (1) any of the following entities or an employee of any of the following entities, if the employee is acting for the benefit of the employer: (A) a bank, savings bank, or savings and loan association, or a subsidiary or an affiliate of a bank, savings bank, or savings and loan association; or (B) a state or federal credit union, or a subsidiary, affiliate, or credit union service organization of a state or federal credit union; or (2) an individual who: (A) is related to the property owner within the second degree of consanguinity or affinity, as determined under Chapter 573 , Government Code; or (B) makes five or fewer property tax loans in any consecutive 12-month period from the individual's own funds. (d) A property tax lender licensed under this chapter is not required to be licensed under Chapter 156 or any other provision of this code. Added by Acts 2007, 80th Leg., R.S., Ch. 1220 (H.B. 2138 ), Sec. 1, eff. September 1, 2007. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 622 (S.B. 762 ), Sec. 5, eff. September 1, 2011. Acts 2013, 83rd Leg., R.S., Ch. 206 (S.B. 247 ), Sec. 4, eff. May 29, 2013.
Frequently Asked Questions About Texas § FI.351.051
What does The Texas Constitution § FI.351.051 cover?
Section FI.351.051 ("LICENSE REQUIRED") 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.351.051?
A common citation format is "The Texas Constitution § FI.351.051" (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.351.051 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.