Texas Finance Code

§ 347.401 — PRIORITY OF SECURITY INTEREST FOR UNPAID RENTAL OF REAL PROPERTY

FI § 347.401Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 347. MANUFACTURED HOME CREDIT TRANSACTIONS · Art. I. SECURITY INTERESTS IN MANUFACTURED HOMES

Statute text

View on source

Except as provided by this subchapter, a lien or charge against a manufactured home for unpaid rental of the real property on which the manufactured home is or has been located is subordinate to the rights of a creditor with a security interest or lien that is:

(1)perfected under this chapter; and

(2)recorded on the document of title issued on the manufactured home.

Legislative history

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