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Financial Services Law Insights and Observations

Texas regulator extends reporting deadlines for property tax lenders, urges working with borrowers

State Issues Covid-19 Texas Property Tax Lending ESIGN Fintech Foreclosure Mortgages

State Issues

On May 13, the Texas Office of Consumer Credit Commissioner revised an advisory bulletin (previously discussed here) for property tax lenders, which sets forth guidance regarding annual report deadlines, electronic signatures, activity from unlicensed locations, and working with borrowers, including by increasing communications, working out modifications, waving late charges, and suspending foreclosures, among other things.