Texas Property Code
§ 5.082 — REQUEST FOR BALANCE AND TRUSTEE
PR § 5.082Title 2. CONVEYANCES · Ch. 5. CONVEYANCES · Art. D. EXECUTORY CONTRACT FOR CONVEYANCE
Statute text
View on source(a)A purchaser under an executory contract, on written request, is entitled to receive the following information from the seller:
(1)as of the date of the request or another date specified by the purchaser, the amount owed by the purchaser under the contract; and
(2)if applicable, the name and address of the seller's desired trustee for a deed of trust to be executed under Section 5.081.
(b)On or before the 10th day after the date the seller receives from the purchaser a written request for information described by Subsection (a), the seller shall provide to the purchaser a written statement of the requested information.
(c)If the seller does not timely respond to a request made under this section, the purchaser may:
(1)determine or pay the amount owed under the contract, including determining the amount necessary for a promissory note under Section 5.081; and
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Legislative history
Added by Acts 2005, 79th Leg., Ch. 978 (H.B. 1823), Sec. 6, eff. September 1, 2005.