Texas Finance Code
§ 347.402 — POSSESSORY LIEN
FI § 347.402Title 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(a)The owner of the real property on which a manufactured home is or has been located and for which rental charges have not been paid has a possessory lien that is not subject to Section 347.401 to secure rental charges described by Subsection (b) if:
(1)the creditor described by Section 347.401 repossesses the manufactured home when the charges have not been paid; and
(2)the owner of the real property has mailed to the creditor by certified mail, return receipt requested, written notice of the unpaid charges.
(b)The possessory lien secures rental charges that begin to accrue:
(1)for a manufactured home that is abandoned or voluntarily surrendered by the consumer, from and after the 15th day after the date on which the creditor receives the written notice of the unpaid charges; or
(2)for a manufactured home that is not abandoned or voluntarily surrendered by the consumer, from and after the 15th day after the first day on which both:
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Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.