7 Tex. Admin. Code § 89.206

Current through Reg. 49, No. 25; June 21, 2024
Section 89.206 - Application for Exemption
(a) For an individual to apply for exemption from licensing under this chapter as a qualifying individual under Texas Finance Code, § RSA 351.051(c)(2), the individual must provide a signed, dated, and notarized affidavit containing the following:
(1) the individual's name and address;
(2) the individual's social security number;
(3) the anticipated date of the property tax loan;
(4) a description of the property by legal description, and if applicable, street address; and
(5) a sworn statement that the individual is someone who:
(A) is related to the property owner within the second degree of consanguinity or affinity, as determined under Texas Government Code, Chapter 573; or
(B) makes five or fewer property tax loans in any consecutive 12-month period from the individual's own funds.
(b) Upon receipt of an affidavit fulfilling the requirements of subsection (a) of this section, the commissioner will issue a certificate of exemption to the individual.
(c) Individuals applying for exemption under Texas Finance Code, § RSA 351.051(c)(2) must submit an application according to this section for each property tax loan transaction.

7 Tex. Admin. Code § 89.206

The provisions of this §89.206 adopted to be effective November 8, 2007, 32 TexReg 7918; amended to be effective September 5, 2013, 38 TexReg 5707