Property Tax Lending Industry Under Review Again

*Correction appended

While buying a home in Texas may not be as expensive as it is in other states, keeping up with property taxes — the 14th-highest in the nation, according to tax analysts — can be harder. This has spawned a fast-growing property tax lending industry in Texas in which property owners, many of them residential, take out high-interest loans to pay their delinquent tax bills.

Like payday lending, the industry has fierce critics, who say it preys on people in dire straits and gives lenders the first shot at foreclosure. In interim charges released in January, House Speaker ...

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