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Bill

HB 3903

Relating to the persons who are authorized to request a payoff statement from a property tax lender.

89th Legislature (2025) Introduced by Mark Dorazio and 1 co-sponsor

HB 3903 expands authorization for requesting payoff statements from Texas property tax lenders, affecting loan transparency and transaction processes.

Referred to Pensions, Investments & Financial Services
#business&commerce--general(i0050) #financial--general(i0365) #loans(s0117) #propertyinterests--mortgages&liens(i0605) #taxation--property-assessment&collection(i0798) #taxation--property-miscellaneous(i0797)
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Bill Summary · HB 3903

Legislative bill overview

HB 3903 expands who can request payoff statements from property tax lenders in Texas. Currently, only limited parties can request these statements; this bill broadens that authorization to include additional stakeholders. The bill modifies existing Texas property tax lending regulations to clarify and expand requestor eligibility.

Why is this important

Payoff statements are critical documents showing the exact amount needed to close a loan, and they directly affect real estate transactions, refinancing, and debt resolution. Broadening access to these statements could streamline property transactions and improve transparency, but the specific expansion determines whether this helps consumers, businesses, or primarily the lending industry.

Potential points of contention

  • Scope ambiguity: The bill title doesn't specify which additional persons gain authorization, making it unclear whether this benefits borrowers, third-party servicers, or primarily lenders themselves
  • Consumer privacy concerns: Expanding who can request payoff statements raises questions about borrower privacy and whether consent mechanisms are adequate
  • Market competition impact: Changes could affect how non-traditional lenders compete or how quickly loans can be refinanced with competing institutions

Compiled from official sources — confirm details with the bill’s official record.

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