Texas Property Code
§ 51.0074 — DUTIES OF TRUSTEE
PR § 51.0074Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 51. PROVISIONS GENERALLY APPLICABLE TO LIENS
Statute text
View on source(a)One or more persons may be authorized to exercise the power of sale under a security instrument.
(b)A trustee may not be:
(1)assigned a duty under a security instrument other than to exercise the power of sale in accordance with the terms of the security instrument; or
(2)held to the obligations of a fiduciary of the mortgagor or mortgagee.
Legislative history
Added by Acts 2007, 80th Leg., R.S., Ch. 903 (H.B. 2738), Sec. 3, eff. June 15, 2007.