The Abatement RegisterCarrolltonAgreement 0012644
Texas Chapter 380 / 381 agreement · Carrollton

Pennymac Loan Services, LLC

Agreement 0012644, filed with the Texas Comptroller by City of Carrollton, Texas.

1200permanent jobs committed
December 31, 2030performance deadline
The obligation

What the contract requires.

“By December 31, 2030, and subject to compliance with Section 3.02(a) above, Company may add up to an additional seven hundred (700) Full-Time Employee(s)”Executed agreement, p. 3
“transfer or creation of at least one thousand two hundred (1,200) Full-Time Employees”Executed agreement, p. 2
The repayment remedy

What happens if it is not met.

“results in an immediate and complete forfeiture of the remaining Job Creation Grant and invokes the City’s right to a full refund, including damages as set out in Section 3.03 below.”Executed agreement, p. 4

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · Seven Hundred Fifty Thousand Dollars ($750,000)

What was abated, and for how long.

—December 31, 2026
—December 31, 2030

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyCity of Carrollton, TexasThis Economic Development Incentive Agreement (the “Agreement”) is made by and between the City of Carrollton, Texas (the “City”)1
Contracting entityPennymac Loan Services, LLCThis Economic Development Incentive Agreement (the “Agreement”) is made by and between the City of Carrollton, Texas (the “City”) and Pennymac Loan Services, LLC (the “Company”)1
Parent / guarantorNot stated in the agreement—
InstrumentEconomic Development Incentive AgreementThis Economic Development Incentive Agreement (the “Agreement”)1
Governing chapterChapter 380, Local Government Codeand WHEREAS, Chapter 380 of the Texas Local Government Code authorizes the City to provide grants to promote state or local economic development and to stimulate business and commercial activity in the municipality;—
Capital investmentNot stated in the agreement—
Grant or incentiveOne Million Eight Hundred Thousand Dollars ($1,800,000)Job Creation Grant amount not to exceed One Million Eight Hundred Thousand Dollars ($1,800,000)2
Jobs committedone thousand two hundred (1,200)transfer or creation of at least one thousand two hundred (1,200) Full-Time Employees2
Wage requirementNot stated in the agreement—
Square footage300,000 square feetincrease its leased and occupied space to approximately 300,000 square feet of office space1
AcreageNot stated in the agreement—
Performance deadlineDecember 31, 2030By December 31, 2030, and subject to compliance with Section 3.02(a) above, Company may add up to an additional seven hundred (700) Full-Time Employee(s)3
ExpirationDecember 31, 2035The Term of this Agreement shall begin on the Commencement Date and continue for up ten (10) years thereafter, unless sooner terminated as provided herein.3
Effective dateOctober 1, 2025On 10/01/2025 before me, Raymond River Navarro , Notary Public11
SignatoryJanisPennyMac Loan Services, LLC Janis9
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
How to check this page

Every line above is in the contract.

Agreement 0012644 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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