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Texas Finance Code - FIN § 351.011. Verification of Net Assets

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 351.011. Verification of Net Assets - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-351-011/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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