A property tax lender is a person who engages in the business of making, transacting, or negotiating property tax loans; or contracts for, charges, or receives, directly or indirectly, in connection with a property tax loan subject to chapter 351 of the Finance Code, a charge, including interest, compensation, consideration, or another expense, authorized under this chapter.
These lenders facilitate loans to property owners to pay off property taxes when the property owner can't pay. Property tax lenders will make loans against due or delinquent property taxes.
Resources
Effective September 1, 2015, all applications for a new license or registration must be submitted through the online system "ALECS" (Application, Licensing, Examination, Compliance System). Any paper application received that is postmarked September 1, 2015 or later will be returned to the applicant with instructions for re-filing.
Licensing Forms
Advisory Bulletins
Reporting
Administrative Action Report
Property Tax Lender Administrative Action Report
Statutes & Rules
These are the primary statutes and rules that apply to property tax lenders. This is not a complete list of laws that property tax lenders are required to comply with.
Primary State Statute
Chapter 32, Texas Tax Code: Tax Liens and Personal Liability
Chapter 351, Texas Finance Code: Property Tax Lenders
OCCC's Rules
Title 7, Chapter 89, Texas Administrative Code
Other State Statutes
Texas Legislature Online
Federal Statutes & Rules
U.S. Government Publishing Office