Tex. Fin. Code § 351.011

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 351.011 - Verification of Net Assets

If the commissioner questions the amount of a property tax lender's net assets, the commissioner may require certification by an independent certified public accountant that:

(1) the accountant has reviewed the property tax lender's books, other records, and transactions during the reporting year;

(2) the books and other records are maintained using generally accepted accounting principles; and

(3) the property tax lender meets the net assets requirement of Section 351.153.

Tex. Fin. Code § 351.011

Added by Acts 2009, 81st Leg., R.S., Ch. 1382, Sec. 2, eff. 9/1/2009.