Legal Trend: Property Tax Lenders vs. Lending Laws. 3 Key Points.

Your informed intel:

What’s the issue property tax lenders are figthing in court? Whether property tax loans trigger federal lending laws

What court recently ruled that property tax lenders do NOT trigger federal lending laws? 5th Court of Appeals in New orleans said  tax-lien transfers (property tax lenders) are not extensions of “credit” that trigger federal lending laws

Why does this matter in Texas? 

• 4 different Texas courts ended up with 4 different answers on the issue
• Arguments against property tax lending paint the industry as high interest loans that “trap borrowers in a cycle of debt” which echoes arguments made about the pay day lending industry.

San Antonio Express News | Property-tax lenders win appeal