Sec. 1102.361. SUBROGATION. (a) The commission is subrogated to all rights of a judgment creditor to the extent of an amount paid from the fund, 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 fund.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Practices and Professions Related to Real Property and Housing
Subtitle A - Professions Related to Real Estate
Chapter 1102 - Real Estate Inspectors
Subchapter H. Real Estate Inspection Recovery Fund
Section 1102.351. Real Estate Inspection Recovery Fund
Section 1102.352. Payments Into Fund
Section 1102.353. Management of Fund
Section 1102.354. Deadline for Action; Notice to Commission
Section 1102.355. Claim for Payment From Fund
Section 1102.356. Issues at Hearing
Section 1102.357. Commission Response
Section 1102.358. Court Order for Payment
Section 1102.359. Payment Limits; Attorney's Fees
Section 1102.360. Application of Judgment Recovery
Section 1102.362. Effect on Disciplinary Proceedings
Section 1102.363. Waiver of Rights
Section 1102.364. Notice to Consumers and Service Recipients