(a) A property tax lender must use the required disclosure statement under Texas Tax Code, §32.06(a-4)(1) as prescribed by Figure: 7 TAC §89.506(a) of this title, but may consider making only limited technical changes, as provided by the following exclusive list:
- (1) Substituting "transferee" for "property tax lender," or using pronouns such as "we" and "us";
- (2) Substituting "borrower" for "property owner," or using pronouns such as "you" and "your";
- (3) Substituting "tax lien transfer" for "property tax loan"; or
(4) Adding an optional, dated signature block at the very bottom of the disclosure form, which must include the following statement directly above the signature line of the property owner(s): "ACKNOWLEDGMENT OF RECEIPT: By signing below, I acknowledge only that I have received a copy of this disclosure prior to closing, this ___ day of _____, 20__."
- (A) Adding an optional affirmation statement to the optional signature block for married property owners: "I affirm that I am married to ______________________ (insert name of spouse)."
- (B) Adding an optional affirmation statement to the optional signature block for persons signing on behalf of a legal entity: "I affirm that I am authorized to sign this document on behalf of ____________________ (insert name of legal entity property owner)."
- (C) Adding the property owner's address to the optional signature block.
(b) A mortgage servicer or the holder of a first lien may consider making the following types of changes to the model notice of delinquency under Texas Tax Code, §32.06(f-1) as provided by Figure: 7 TAC §89.506(b) of this title:
- (1) Adding information related to information set forth in the model disclosures that is not otherwise prohibited by law;
- (2) Substituting "property tax lender" for "transferee," or using pronouns such as "you" and "your";
- (3) Substituting "borrower" for "property owner";
- (4) Presenting the model clauses in any order, and combining or further segregating the model clauses, if the revised format does not significantly adversely affect the substance, clarity, or meaningful sequence of the disclosures;
- (5) Inserting descriptive titles, headings, subheadings, numbering, captions, and illustrative or explanatory tables or sidebars may be used to distinguish between different levels of information or to provide emphasis; or
- (6) Making other changes which do not affect the substance of the disclosures.
Source Note:The provisions of this §89.507 adopted to be effective January 3, 2008, 32 TexReg 9944; amended to be effective September 5, 2013, 38 TexReg 5707.