Texas Statutes
Subchapter M. Real Estate Recovery Trust Account
Section 1101.612. Subrogation

Sec. 1101.612. SUBROGATION. (a) The commission is subrogated to all rights of a judgment creditor to the extent of an amount paid from the trust account, and the judgment creditor shall assign to the commission all right, title, and interest in the judgment up to that amount.
(b) The commission has priority for repayment from any subsequent recovery on the judgment.
(c) The commission shall deposit any amount recovered on the judgment to the credit of the trust account.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.

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