{"data":{"id":"us-tx/tex.-finance-code-341.608","jurisdiction":"us-tx","citation":"Tex. Finance Code § 341.608","heading":"SUBROGATION.","body":"When the commissioner has paid an applicant an amount from the fund under Section 341.605, the commissioner is subrogated to all of the rights of the applicant to the extent of the amount paid. The applicant shall assign the applicant's right, title, and interest in any subsequent judgment against the state-licensed residential mortgage loan originator 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 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10), Sec. 9, eff. June 19, 2009.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 341. GENERAL PROVISIONS","SUBCHAPTER G. STATE-LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATOR RECOVERY FUND"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.341.htm#341.608","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"5e0220018b4653eac14433b0601c19a484da2f18e385ed1bb5895d6e20420b39","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-341.607","next":"us-tx/tex.-finance-code-341.609"},"notice":"GroundRules: Original legal text. Not legal advice."}