Property tax loan
Is this highlighted section correct?
The Texas Finance Code defines a property tax loan as follows: (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 33.065, 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 by the lien or security interest created by a I deed of trust, security deed, or other security instrument. Tex. Finance Code $ 351.002(2). A property tax lender, in making such a loan, obtains a priority lien on the property. Id. at (2)(B); see also Tex. Tax Code $ 32.05(a) ("A tax lien on real property takes priority over a homestead interest in the property."). The average amount of a property tax loan is about $ 12,000. Ex. E (Property Tax Lending Consolidated Volume Report Calendar Year 2014). B. Property tax lenders’ use of discount points leading to the adoption of 7 Tex. Admin. Code S 89.601(d)(1)-(6).
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.