Texas Property Code 63.002 – Applicability
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Terms Used In Texas Property Code 63.002
- Lien: A claim against real or personal property in satisfaction of a debt.
This chapter applies only to a lien on a manufactured home if the loan or credit advance documents state or indicate that the lien:
(1) is or is in the nature of a vendor’s lien;
(2) is or is in the nature of a purchase money lien; or
(3) is or is in the nature of a retail installment lien.