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The Law Offices of Alan Abergel, P.C. (“LOAA”) represents property tax lenders in Texas OCCC licensing, regulatory compliance, transactional matters, and administrative enforcement defense.
Attorney Alan Abergel is licensed by both the State Bar of Texas and the State Bar of California.
A property tax lender is a person or entity that engages in the business of:
Making, transacting, or negotiating property tax loans
Contracting for, charging, or receiving fees, interest, compensation, or other charges in connection with a property tax loan
Property tax lending in Texas is governed by Texas Finance Code Chapter 351 (Property Tax Lender License Act) and related provisions of Chapter 32 of the Texas Tax Code.
Property tax lenders provide financing to property owners to pay due or delinquent property taxes when the property owner is unable to pay the taxes directly.
A person or business must hold a Texas Property Tax Lender License issued by the Texas Office of Consumer Credit Commissioner (OCCC) to:
Engage in the business of making, transacting, or negotiating property tax loans; or
Contract for, charge, or receive any interest, compensation, or expense in connection with a property tax loan
Property tax lenders are also subject to Texas and federal consumer credit laws and financial services regulations.
LOAA provides comprehensive legal services to Texas property tax lenders, including:
Assistance with obtaining a Texas Property Tax Lender License
Assistance with license transfers, ownership changes, and regulatory approvals
Legal opinions regarding licensing and regulatory requirements
Compliance counseling for property tax lending operations
LOAA drafts and reviews required legal documents for property tax lenders, including:
Property tax loan agreements
Consumer disclosures
Regulatory compliance policies and procedures
Ancillary lending and servicing documentation
All documents are drafted to comply with Texas Finance Code Chapter 351, Texas Tax Code Chapter 32, OCCC rules, and federal consumer credit laws.
LOAA represents Texas property tax lenders in:
Administrative enforcement proceedings
Administrative hearings and compliance remediation
CFPB investigations and enforcement matters
LOAA also advises property tax lenders on:
Mergers and acquisitions involving OCCC licensees
Corporate structuring and governance
Private securities offerings and Private Placement Memorandums (PPMs)
Capital raising transactions involving property tax lending companies
LOAA advises property tax lenders on compliance with:
Texas Finance Code and OCCC regulations
Texas Tax Code provisions governing tax lien transfers
Federal consumer credit laws and CFPB regulations
Lending disclosure and servicing requirements
LOAA represents Texas property tax lenders and financial services companies only. LOAA does not represent consumers.
LOAA provides administrative, civil, compliance, and transactional legal services only.
Texas Property Tax Lender License Lawyer
Texas OCCC Licensing Attorney
Property Tax Loan Compliance Lawyer
Texas Consumer Credit Compliance Attorney
Texas Financial Services Regulatory Attorney
“I engaged Alan to help me through the complexities of obtaining my Lenders License. He was very knowledgeable about the process and provided me with a high level of service. I worked quickly getting him all the information needed and he worked at my pace. He was responsive to e-mails and questions and followed up with the DFPI to make sure everything was filed correctly. I had read online that this process could take as long as 6 months however Alan completed the assignment in less than 3 I will be retaining his services in the future to ensure my company remains in compliance."
-Petroleum Realty Group Inc.
"I hired Alan to represent me as a mortgage broker before the California Department of Real Estate. I couldn't be more pleased with Alan's services from start to finish. Alan
was clear and concise. Alan's communication throughout the process was professional. I received the results I hoped for. Thank you Alan. I'll definitely recommend you to ALL and use your services again in the future shall I need anything!"
-Anonymous
"Very helpful in assisting in obtaining an OCCC Texas Motor Vehicle Sales Finance License. Very knowledgeable in answering all questions the OCCC asked for on their questionnaire. Highly recommended and would re-hire for any future assistance regarding motor vehicle and finance business. God Bless!"
-Raul
