Tex. Prop. Code § 62.081 · Subchapter E. RELEASE OF LIEN
RELEASE OF LIEN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Not later than the fifth day after the date a broker receives a written request from the owner of a commercial real estate interest on which a lien is claimed, the broker shall furnish to the owner a release of indebtedness and any lien claimed if:
(1) the debt that is the basis for the lien is satisfied; or
(2) the lien is discharged under Section 62.022, rendered void under Section 62.026 or 62.062, or extinguished under Section 62.031.
(b) When a condition occurs that would preclude the broker from receiving a commission under the terms of the commission agreement that is the basis for the lien, the broker shall, not later than the 10th day after the date the broker receives a written request from the owner of the commercial real estate interest on which the lien is claimed, furnish to the owner a release of indebtedness and any lien claimed.
(c) Not later than the 10th day after the date a broker receives a written request for the release of the broker's lien from the escrow agent responsible for closing the purchase and sale of a commercial real estate interest on which the lien is claimed, the broker shall furnish to the escrow agent a release of indebtedness and any lien claimed if:
(1) the commercial real estate interest to which the lien attaches is subject to a contract for purchase and sale;
(2) the release of indebtedness and any lien claimed is conditioned on the closing of the transaction; and
(3) the broker would otherwise be obligated to release the indebtedness and any lien claimed under Subsection (a) or (b) on the closing of the transaction.
(d) A release of lien must be in a form that permits the instrument to be filed of record.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.62.htm
- Text hash
- sha256 a7e0d15299a6e3f9383f29bda47034a3225af160de354bbbd2127d5073a9e091
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Property Code
- Tex. Prop. Code § 62.022WAIVER, RELEASE, OR DISCHARGE OF LIEN; ASSUMPTION OF COMMISSION OBLIGATION.Printed as Section 62.022
- Tex. Prop. Code § 62.026NOTICE OF FILING.Printed as Section 62.026 or 62.062
- Tex. Prop. Code § 62.031CHANGE IN USE OF REAL ESTATE.Printed as Section 62.031
- Tex. Prop. Code § 62.062STATUTE OF LIMITATIONS.Printed as Section 62.026 or 62.062
Cited by 1 provision
Provisions in this library whose text cites Tex. Prop. Code § 62.081. Each shows the citation as that text prints it.
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.