Texas Statute 32 - who is who?
Sec. 32.06. PROPERTY TAX LOANS; TRANSFER OF TAX LIEN. (a) In this section:
In the Texas Statutes - Tax Code - Section 32...who are these people in common language? I'm having trouble figuring out who is the mortgage company, if the transferee is just a loan shark who set up a loan on delinquent taxes, etc?
(1) "Mortgage servicer" has the meaning assigned by Section 51.0001, Property Code.
(2) "Transferee" means a person who is licensed under Chapter 351, Finance Code, or is exempt from the application of that chapter under Section 351.051(c), Finance Code, and who is:
(A) authorized to pay the taxes of another; or
(B) a successor in interest to a tax lien that is transferred under this section.
(3) "Mortgage servicer" means the last person to whom a mortgagor has been instructed by the current mortgagee to send payments for the debt secured by a security instrument. A mortgagee may be the mortgage servicer. (4) "Mortgagee" means: (A) the grantee, beneficiary, owner, or holder of a security instrument; (B) a book entry system; or (C) if the security interest has been assigned of record, the last person to whom the security interest has been assigned of record. (5) "Mortgagor" means the grantor of a security instrument. Thanks for any help.
J