Texas § FI.341.608 - SUBROGATION
Full text of Texas The Texas Constitution § FI.341.608 — SUBROGATION, with citation guidance and answers to common questions.
§ FI.341.608. SUBROGATION
SUBROGATION. When the commissioner has paid an applicant an amount from the fund under Section 341.605 , the commissioner is subrogated to all of the rights of the applicant to the extent of the amount paid. The applicant shall assign the applicant's right, title, and interest in any subsequent judgment against the state-licensed residential mortgage loan originator up to the amount paid by the commissioner. Any amount, including interest, recovered by the commissioner on the assignment shall be deposited to the credit of the fund. Added by Acts 2009, 81st Leg., R.S., Ch. 1104 (H.B. 10 ), Sec. 9, eff. June 19, 2009.
Frequently Asked Questions About Texas § FI.341.608
What does The Texas Constitution § FI.341.608 cover?
Section FI.341.608 ("SUBROGATION") 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.341.608?
A common citation format is "The Texas Constitution § FI.341.608" (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.341.608 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.