Section 89.603 - Fee for Payoff Statement or for Information on Current Balance Owed(a) Initial payoff statement. Under Texas Tax Code, § RSA 32.06(f-3), a property tax lender is prohibited from charging any fee for providing an initial payoff statement.(b) Additional payoff statements. A property tax lender may charge a fee not to exceed $10 for providing each additional payoff statement after an initial payoff statement has been provided.(c) Fee for information on current balance owed. Under Texas Tax Code, § RSA 32.06(g), a property tax lender may charge the same fees contained in subsection (b) of this section for responding to a request for the current balance owed by the property owner.7 Tex. Admin. Code § 89.603
The provisions of this §89.603 adopted to be effective March 6, 2008, 33 TexReg 1772