Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 342.454: RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT.

Where this section sits in the code

FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
CHAPTER 342. CONSUMER LOANS
SUBCHAPTER J. AUTHORIZED LENDER'S DUTIES AND AUTHORITY

Within a reasonable time after a loan is repaid in full or an open-end account is terminated according to the terms of the contract, a lender shall cancel and return to a borrower any instrument, including a note, assignment, security agreement, or mortgage that:

(1) secured the loan; and

(2) does not secure another indebtedness of the borrower to the lender.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19, eff. Sept. 1, 1999. Amended by Acts 1999, 76th Leg., ch. 909, Sec. 2.18, eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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