Texas § OC.1201.460 - COMPLIANCE NOT REQUIRED FOR LIENHOLDER
Full text of Texas The Texas Constitution § OC.1201.460 — COMPLIANCE NOT REQUIRED FOR LIENHOLDER, with citation guidance and answers to common questions.
§ OC.1201.460. COMPLIANCE NOT REQUIRED FOR LIENHOLDER
COMPLIANCE NOT REQUIRED FOR LIENHOLDER. (a) A holder of a lien recorded on the statement of ownership of a manufactured home that has not been converted to real property who sells or exchanges a repossessed manufactured home covered by that statement of ownership is not required to comply with this chapter if the sale or exchange is: (1) to or through a licensed retailer; or (2) to a purchaser for the purchaser's business use or another nonresidential use. (b) If the sale or exchange of the repossessed manufactured home is to or through a licensed retailer, the retailer is responsible and liable for compliance with this chapter and department rules. The lienholder may not be joined as a party in any litigation relating to the sale or exchange of the home. (c) If the sale or exchange of the repossessed manufactured home is to a purchaser for the purchaser's business use or another nonresidential use, the lienholder shall apply to the department for the issuance of a new statement of ownership indicating that the home is reserved for a business use or another nonresidential use. Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 338, Sec. 34, eff. June 18, 2003. Amended by: Acts 2017, 85th Leg., R.S., Ch. 408 (H.B. 2019 ), Sec. 65, eff. September 1, 2017.
Frequently Asked Questions About Texas § OC.1201.460
What does The Texas Constitution § OC.1201.460 cover?
Section OC.1201.460 ("COMPLIANCE NOT REQUIRED FOR LIENHOLDER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § OC.1201.460?
A common citation format is "The Texas Constitution § OC.1201.460" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § OC.1201.460 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.