Texas Business and Commerce Code 17.91 – Exceptions
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Terms Used In Texas Business and Commerce Code 17.91
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
This subchapter does not apply to:
(1) a sale conducted by a public officer as part of the officer’s official duties;
(2) a sale for which an accounting must be made to a court of law;
(3) a sale conducted pursuant to an order of a court; or
(4) a foreclosure sale pursuant to a deed of trust or other lien.