VERIFICATION OF NET ASSETS.
Tex. FIN Code § 351.011.
in effectIf 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 .
Added by Acts 2009, 81st Leg., R.S., Ch. 1382 (S.B. 1620 ), Sec. 2, eff. September 1, 2009.