Texas Occupations Code 1201.2075 – Conversion From Personal Property to Real Property
(a) Except as provided by Subsection (b) or § 1201.206(k), the department may not issue a statement of ownership for a manufactured home that is being converted from personal property to real property until:
(1) each lien on the home is released by the lienholder; or
(2) each lienholder gives written consent, to be placed on file with the department.
(b) The department may issue a statement of ownership before the release of any liens or before receiving the consent of any lienholders as required by this section, or without receiving the statement required by § 1201.206(g), if the department releases a copy of the statement to:
(1) a licensed title insurance company that has issued a commitment to issue a title insurance policy covering all prior liens on the home in connection with a loan that the title company has closed; or
(2) a federally insured financial institution or licensed attorney who has obtained from a licensed title insurance company a title insurance policy covering all prior liens on the home.
Terms Used In Texas Occupations Code 1201.2075
- Lien: A claim against real or personal property in satisfaction of a debt.
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005