AUSTIN – The Texas Public Policy Foundation’s Vice President for Research Bill Peacock delivered testimony today before the Texas House Committee on Business and Industry, on tax-lien lending. The purpose of his testimony was to dissuade legislators from adopting rules or legislation that would effectively terminate tax lien lending as a viable commercial practice.
“Tax-lien lending refers to a specialized financial practice that allows Texas property owners, both commercial and residential, to pay their annual tax bill if they cannot meet the terms of other payment options,” said Peacock, "Any attempt at restricting lien lending will not eliminate the demand for it; instead, it will reduce the ability of Texas property owners to receive much needed financial assistance, increase the costs of resolving their problem, and even potentially lead to the loss of their property.”
A copy of the testimony can be read here: http://bit.ly/taxlienlending
To learn more from Mr. Peacock please contact Kristen Indriago at [email protected] or 512.472.2700.
Bill Peacock is the Vice President of Research and Director of the Center for Economic Freedom at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin.
Primary website: www.TexasPolicy.com
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