{"data":{"id":"us-tx/tex.-finance-code-156.507","jurisdiction":"us-tx","citation":"Tex. Finance Code § 156.507","heading":"SUBROGATION.","body":"When the commissioner has paid an applicant an amount from the recovery fund under Section 156.504, the commissioner is subrogated to all of the rights of the applicant to the extent of the amount paid. The applicant shall assign all of the applicant's right, title, and interest in any subsequent judgment against the license holder, up to the amount paid by the commissioner. Any amount, including interest, recovered by the commissioner on the assignment shall be deposited to the credit of the fund.\nAdded by Acts 1999, 76th Leg., ch. 1254, Sec. 2, eff. Sept. 1, 1999.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 1317 (H.B. 2774), Sec. 26, eff. September 1, 2009.\nActs 2011, 82nd Leg., R.S., Ch. 655 (S.B. 1124), Sec. 44, eff. September 1, 2011.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE E. OTHER FINANCIAL BUSINESSES","CHAPTER 156. RESIDENTIAL MORTGAGE LOAN COMPANIES","SUBCHAPTER F. RECOVERY FUND"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.156.htm#156.507","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"755c2e242612a30262a685da02653a9ce6cc7e1d3780b5c878b1a87b67335c80","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-156.506","next":"us-tx/tex.-finance-code-156.508"},"notice":"GroundRules: Original legal text. Not legal advice."}