Texas Property Code

§ 62.124 — RECORDING OF BOND AND NOTICE

PR § 62.124Title 5. EXEMPT PROPERTY AND LIENS · Part B. LIENS · Ch. 62. BROKER'S AND APPRAISER'S LIEN ON COMMERCIAL REAL ESTATE · Art. G. BOND TO INDEMNIFY AGAINST LIEN

Statute text

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(a)The county clerk shall record the bond, the notice, and a certificate of mailing in the real property records.

(b)In acquiring an interest in or insuring title to the commercial real estate, a buyer, insurer of title, or lender may rely on and is absolutely protected by the record of the bond and the notice to the same extent as if the lien claimant had filed a release of lien in the real property records.

Legislative history

Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.