Sec. 347.355. REPOSSESSION ON DEFAULT. (a) If a consumer is in default, the creditor who possesses the first recorded perfected security interest may repossess the manufactured home.
(b) If the manufactured home is affixed to real property, the creditor, after notice, may remove the manufactured home from the real property in accordance with the applicable provisions of the Business & Commerce Code as if it were personal property.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 347 - Manufactured Home Credit Transactions
Subchapter H. Actions on Default
Section 347.351. Delinquency Charge on Default
Section 347.352. Acceleration of Debt Maturity
Section 347.353. Computing Amount Owed for Purpose of Acceleration
Section 347.354. Accrual of Interest on Acceleration
Section 347.355. Repossession on Default
Section 347.357. Disposal of Insurance and Tax Escrow Account on Default