§ 9.601 Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes
§ 9.602 Waiver and Variance of Rights and Duties
§ 9.603 Agreement On Standards Concerning Rights and Duties
§ 9.604 Procedure If Security Agreement Covers Real Property or Fixtures
§ 9.605 Unknown Debtor or Secondary Obligor
§ 9.606 Time of Default for Agricultural Lien
§ 9.607 Collection and Enforcement by Secured Party
§ 9.608 Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus
§ 9.609 Secured Party’s Right to Take Possession After Default
§ 9.610 Disposition of Collateral After Default
§ 9.611 Notification Before Disposition of Collateral
§ 9.612 Timeliness of Notification Before Disposition of Collateral
§ 9.613 Contents and Form of Notification Before Disposition of Collateral: General
§ 9.614 Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction
§ 9.615 Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus
§ 9.616 Explanation of Calculation of Surplus or Deficiency
§ 9.617 Rights of Transferee of Collateral
§ 9.618 Rights and Duties of Certain Secondary Obligors
§ 9.619 Transfer of Record or Legal Title
§ 9.620 Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral
§ 9.621 Notification of Proposal to Accept Collateral
§ 9.622 Effect of Acceptance of Collateral
§ 9.623 Right to Redeem Collateral
§ 9.624 Waiver
§ 9.625 Remedies for Secured Party’s Failure to Comply With Chapter
§ 9.626 Action in Which Deficiency or Surplus Is in Issue
§ 9.627 Determination of Whether Conduct Was Commercially Reasonable
§ 9.628 Nonliability and Limitation On Liability of Secured Party; Liability of Secondary Obligor
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Terms Used In Texas Business and Commerce Code Chapter 9 > Subchapter F - Default

  • 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
  • Habeas corpus: A writ that is usually used to bring a prisoner before the court to determine the legality of his imprisonment. It may also be used to bring a person in custody before the court to give testimony, or to be prosecuted.
  • Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Personal property: All property that is not real property.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Statute: A law passed by a legislature.
  • sworn: includes affirm or affirmed. See Texas Government Code 312.011
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.