Texas Property Code 64.054 – Enforcement by Notice to Assignor
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(a) After default, or as otherwise agreed by the assignor, the assignee may give the assignor a notice demanding that the assignor pay the assignee the proceeds of any rents that the assignee is entitled to collect under § 64.053.
(b) For the purposes of § 64.053, the assignee begins enforcement under this section on the date on which the assignee gives notice to the assignor in accordance with § 64.002.
Terms Used In Texas Property Code 64.054
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) An assignee may not enforce an assignment of rents under this section if, on the date the security instrument was signed and the date of prospective enforcement, the real property constitutes the assignor’s homestead on which is located a one-family to four-family dwelling.