Sec. 51.0076. EFFECTIVE DATE OF APPOINTMENT. The appointment or authorization of a trustee or substitute trustee made in a notice of sale is effective as of the date of the notice if the notice:
(1) complies with Sections 51.002 and 51.0075(e);
(2) is signed by an attorney or agent of the mortgagee or mortgage servicer; and
(3) contains a statement in all capital letters, boldface type, to read as follows:
THIS INSTRUMENT APPOINTS THE SUBSTITUTE TRUSTEE(S) IDENTIFIED TO SELL THE PROPERTY DESCRIBED IN THE SECURITY INSTRUMENT IDENTIFIED IN THIS NOTICE OF SALE THE PERSON SIGNING THIS NOTICE IS THE ATTORNEY OR AUTHORIZED AGENT OF THE MORTGAGEE OR MORTGAGE SERVICER.
Added by Acts 2015, 84th Leg., R.S., Ch. 653 (H.B. 2063), Sec. 2, eff. September 1, 2015.
Structure Texas Statutes
Title 5 - Exempt Property and Liens
Chapter 51 - Provisions Generally Applicable to Liens
Section 51.001. Effect on Other Liens
Section 51.0011. Default Arising From Delinquent Ad Valorem Taxes: Installment Agreements
Section 51.002. Sale of Real Property Under Contract Lien
Section 51.0021. Notice of Change of Address Required
Section 51.0025. Administration of Foreclosure by Mortgage Servicer
Section 51.003. Deficiency Judgment
Section 51.004. Judicial Foreclosure--Deficiency
Section 51.005. Judicial or Nonjudicial Foreclosure After Judgment Against Guarantor--Deficiency
Section 51.006. Deed-of-Trust Foreclosure After Deed in Lieu of Foreclosure
Section 51.007. Trustee Under Deed of Trust, Contract Lien or Security Instrument
Section 51.0074. Duties of Trustee
Section 51.0075. Authority of Trustee or Substitute Trustee
Section 51.0076. Effective Date of Appointment
Section 51.008. Certain Liens on Real Property
Section 51.009. Foreclosed Property Sold "As Is"
Section 51.015. Sale of Certain Property Owned by Member of the Military