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Texas Finance Code

§ 347.355 — REPOSSESSION ON DEFAULT

FI § 347.355Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 347. MANUFACTURED HOME CREDIT TRANSACTIONS · Art. H. ACTIONS ON DEFAULT

Statute text

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(a)If a consumer is in default, the creditor who possesses the first recorded perfected security interest may repossess the manufactured home.
(b)If the manufactured home is affixed to real property, the creditor, after notice, may remove the manufactured home from the real property in accordance with the applicable provisions of the Business & Commerce Code as if it were personal property.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.