Tex. Fin. Code § 342.454 · Subchapter J. AUTHORIZED LENDER'S DUTIES AND AUTHORITY
RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Within a reasonable time after a loan is repaid in full or an open-end account is terminated according to the terms of the contract, a lender shall cancel and return to a borrower any instrument, including a note, assignment, security agreement, or mortgage that:
(1) secured the loan; and
(2) does not secure another indebtedness of the borrower to the lender.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19, eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 909, Sec. 2.18, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm
- Text hash
- sha256 4868c8b9afea6402f65a1feb19491a85c09e7cc6486ac05811dbf3530e530327
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.