The Texas legislature just rewrote all real estate loan documents in Texas which include an assignment of rents to the lender (and almost all commercial real estate loans do) when it passed the new Chapter 64 of the Texas Property Code. The Governor signed the bill on June 17, and the law is effective immediately.
Stephen A. Roberts
600 Congress Avenue
Suite 1600
Austin,Texas 78701
512.499.3624 Directstephen.roberts@
strasburger.com
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