{"data":{"id":"us-tx/tex.-property-code-64.058","jurisdiction":"us-tx","citation":"Tex. Property Code § 64.058","heading":"APPLICATION OF PROCEEDS GENERALLY.","body":"Unless otherwise agreed, an assignee who collects rents under this chapter or collects on a judgment in an action under Section 64.060 shall apply the sums collected in the following order to:\n(1) reimbursement of the assignee's expenses of enforcing the assignee's assignment of rents, including, to the extent provided for by agreement by the assignor and not prohibited by a law of this state other than this chapter, reasonable attorney's fees and costs incurred by the assignee;\n(2) reimbursement of any expenses incurred by the assignee to protect or maintain the real property that is subject to the assignment of rents;\n(3) payment of the secured obligation;\n(4) payment of any obligation secured by a subordinate security interest or other lien on the rents if, before distribution of the proceeds, the assignee receives a signed notice from the holder of the interest or lien demanding payment of the proceeds; and\n(5) payment of any excess proceeds to the assignor.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 636 (S.B. 889), Sec. 2, eff. June 17, 2011.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 453 (S.B. 848), Sec. 8, eff. June 14, 2013.","path":["PROPERTY CODE","TITLE 5. EXEMPT PROPERTY AND LIENS","SUBTITLE B. LIENS","CHAPTER 64. ASSIGNMENT OF RENTS TO LIENHOLDER","SUBCHAPTER B. ASSIGNMENT OF RENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.64.htm#64.058","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"9d8cf64a209839574b35c2adad2efe4a4a4ed1252742e0adcfbac0f3dbc956d8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-64.057","next":"us-tx/tex.-property-code-64.059"},"notice":"GroundRules: Original legal text. Not legal advice."}