1. (a) Requests for payoff statements. A person who submits a request under Texas Tax Code, §32.06(a-6) and §89.801 of this title (relating to Requests for Payoff Statements), must use a form substantially similar to the model form prescribed by Figure: 7 TAC §89.803(a) of this title. The person submitting the request may consider making one or more of the following types of changes:

   1. (1) deleting fields labeled "Optional";
   2. (2) deleting the word "Optional" and surrounding parentheses;
   3. (3) replacing "Mortgage servicer" with an applicable description of the person submitting the request on the lienholder's behalf (e.g., "Law firm");
   4. (4) replacing "Property tax lender" with "Tax lien transferee" or "Transferee";
   5. (5) replacing "Borrower" with "Property owner";
   6. (6) replacing "Address of property" with "Legal description of property";
   7. (7) replacing "property tax loan" with "tax lien transfer";
   8. (8) replacing "other side" with "next page"; or
   9. (9) adding reasonable instructions regarding delivery of the payoff statement.

2. (b) Payoff statements. A property tax lender who sends a payoff statement under Texas Tax Code, §32.06(a-6) and §89.802 of this title (relating to Payoff Statements), must use must use a form substantially similar to the model prescribed by Figure: 7 TAC §89.803(b) of this title. The property tax lender may consider making one or more of the following types of changes:

   1. (1) deleting fields labeled "Optional";
   2. (2) deleting the word "Optional" and surrounding parentheses;
   3. (3) replacing "Property tax lender" with "Tax lien transferee" or "Transferee";
   4. (4) replacing "Borrower" with "Property owner";
   5. (5) replacing "Address of property" with "Legal description of property";
   6. (6) replacing "property tax loan" with "tax lien transfer";
   7. (7) deleting the fields labeled "Additional fee description," if the total payoff amount does not include any fees other than the unpaid principal balance and accrued interest;
   8. (8) replacing "Additional fee description" with a description of an additional fee (e.g., "Return check fee"), and deleting the surrounding parentheses;
   9. (9) adding fields to describe additional fees; or
   10. (10) replacing "other side" with "next page."

Source Note:The provisions of this §89.804 adopted to be effective November 7, 2013, 38 TexReg 7693.