Tex. Occ. Code § 1101.612 · Subchapter M. REAL ESTATE RECOVERY TRUST ACCOUNT
SUBROGATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commission is subrogated to all rights of a judgment creditor to the extent of an amount paid from the trust account, and the judgment creditor shall assign to the commission all right, title, and interest in the judgment up to that amount.
(b) The commission has priority for repayment from any subsequent recovery on the judgment.
(c) The commission shall deposit any amount recovered on the judgment to the credit of the trust account.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1101.htm
- Text hash
- sha256 ba1856c6e1dece7a062f31a5e3e5dfbc277f9633daf46383fc00cf8e6ed8a59a
- 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.