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

HB 3903 clarifies who can request a property tax payoff statement from a lender. It allows lenders, property owners, or someone authorized by the owner to request these statements before a tax loan becomes delinquent. The bill requires the Finance Commission of Texas to set rules for the request form, response time (at least seven business days), and penalties for lenders who fail to provide the statement. This affects property owners, tax lien lenders, and those handling property tax transfers by standardizing the payoff statement process. The law takes effect September 1, 2025.