Texas Property Code Title 5, Chapter 64 - Assignment Of Rents To Lienholder

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 64.001 - Definitions
  In this chapter: (1) "Assignee" means a person entitled to enforce a security instrument. (2) "Assignment of rents" means a transfer of an interest in...

SUBCHAPTER B ASSIGNMENT OF RENTS

• Texas Section 64.002 - Manner Of Giving Notice
  (a) A person may give notice under this chapter: (1) by transmitting the notice in the manner described by Section 51.002(e); (2) by depositing the...
• Texas Section 64.051 - Security Instrument Creates Assignment Of Rents; Assignment Of Rents Creates Security Interest
  (a) An enforceable security instrument creates an assignment of rents arising from real property described in that security instrument, unless the security instrument provides otherwise...
• Texas Section 64.052 - Recordation And Perfection Of Security Interest In Rents; Priority Of Interests In Rents
  (a) A security instrument creating an assignment of rents may be recorded in the county in which any part of the real property is located...
• Texas Section 64.053 - Enforcement Of Security Interest In Rents Generally
  (a) An assignee may enforce an assignment of rents using one or more of the methods provided by Section 64.054 or 64.055 or any other...
• Texas Section 64.054 - Enforcement By Notice To Assignor
  (a) After default, or as otherwise agreed by the assignor, the assignee may give the assignor a notice demanding that the assignor pay the assignee...
• Texas Section 64.055 - Enforcement By Notice To Tenant
  (a) After default, or as otherwise agreed by the assignor, the assignee may give to a tenant of real property that is subject to an...
• Texas Section 64.056 - Form Of Notice To Tenant
  The following form of notice, when properly completed, satisfies the requirements of Section 64.055(a): NOTICE TO PAY RENTS TO PERSON OTHER THAN LANDLORD Tenant: [Name...
• Texas Section 64.057 - Effect Of Enforcement
  The enforcement of an assignment of rents by a method provided by Section 64.054 or 64.055, the application of proceeds by the assignee under Section...
• Texas Section 64.058 - Application Of Proceeds Generally
  Unless otherwise agreed, an assignee who collects rents under this chapter or collects on a judgment in an action under Section 64.060 shall apply the...
• Texas Section 64.059 - Application Of Proceeds To Expenses Of Protecting Real Property; Claims And Defenses Of Tenant
  (a) Unless otherwise agreed by the assignee, an assignee that collects rents following enforcement under Section 64.054 or 64.055 is not obligated to apply the...
• Texas Section 64.060 - Turnover Of Rents; Liability Of Assignor
  (a) If an assignor collects rents that the assignee is entitled to collect under this chapter, the assignor shall turn over the proceeds to the...
• Texas Section 64.061 - Attachment, Perfection, And Priority Of Assignee's Security Interest In Proceeds
  (a) An assignee's security interest in rents attaches to identifiable proceeds. (b) If an assignee's security interest in rents is perfected, the assignee's security interest...
• Texas Section 64.062 - Priority Subject To Subordination
  This chapter does not preclude subordination by agreement by a person entitled to priority. Added by Acts 2011, 82nd Leg., R.S., Ch. 636 (S.B. 889),...

Last modified: September 28, 2016