Texas § FI.125.510 - DELINQUENT RENTS
Full text of Texas The Texas Constitution § FI.125.510 — DELINQUENT RENTS, with citation guidance and answers to common questions.
§ FI.125.510. DELINQUENT RENTS
DELINQUENT RENTS. (a) If the rental of a safe deposit box is delinquent for six months or longer, the credit union may open the box only if: (1) the credit union sends notice of the delinquency to the lessee; and (2) the rent is not paid before the date specified in the notice. (b) The notice must: (1) be sent by certified mail, return receipt requested, to the lessee named in the books of the credit union at the address shown in those books; and (2) specify a date by which payment must be made that may not be before the 61st day after the date on which the notice is mailed. (c) The box must be opened in the presence of two employees, and the credit union shall prepare a detailed inventory of the contents of the box as provided by reporting instructions of the comptroller. At least one of the employees must be an officer or manager of the credit union and a notary public. (d) The credit union shall place the contents of the box in a sealed envelope or container that states the lessee's name. The credit union shall hold the contents of the box subject to a lien for: (1) the box's rental; (2) the cost of opening the box; and (3) any damage in connection with the box. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.125.510
What does The Texas Constitution § FI.125.510 cover?
Section FI.125.510 ("DELINQUENT RENTS") 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 § FI.125.510?
A common citation format is "The Texas Constitution § FI.125.510" (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 § FI.125.510 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.