Texas § PR.62.081 - RELEASE OF LIEN
Full text of Texas The Texas Constitution § PR.62.081 — RELEASE OF LIEN, with citation guidance and answers to common questions.
§ PR.62.081. RELEASE OF LIEN
RELEASE OF LIEN. (a) Not later than the fifth day after the date a broker receives a written request from the owner of a commercial real estate interest on which a lien is claimed, the broker shall furnish to the owner a release of indebtedness and any lien claimed if: (1) the debt that is the basis for the lien is satisfied; or (2) the lien is discharged under Section 62.022 , rendered void under Section 62.026 or 62.062 , or extinguished under Section 62.031 . (b) When a condition occurs that would preclude the broker from receiving a commission under the terms of the commission agreement that is the basis for the lien, the broker shall, not later than the 10th day after the date the broker receives a written request from the owner of the commercial real estate interest on which the lien is claimed, furnish to the owner a release of indebtedness and any lien claimed. (c) Not later than the 10th day after the date a broker receives a written request for the release of the broker's lien from the escrow agent responsible for closing the purchase and sale of a commercial real estate interest on which the lien is claimed, the broker shall furnish to the escrow agent a release of indebtedness and any lien claimed if: (1) the commercial real estate interest to which the lien attaches is subject to a contract for purchase and sale; (2) the release of indebtedness and any lien claimed is conditioned on the closing of the transaction; and (3) the broker would otherwise be obligated to release the indebtedness and any lien claimed under Subsection (a) or (b) on the closing of the transaction. (d) A release of lien must be in a form that permits the instrument to be filed of record. Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999. SUBCHAPTER F. ESCROW OF DISPUTED AMOUNTS
Frequently Asked Questions About Texas § PR.62.081
What does The Texas Constitution § PR.62.081 cover?
Section PR.62.081 ("RELEASE OF LIEN") 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 § PR.62.081?
A common citation format is "The Texas Constitution § PR.62.081" (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 § PR.62.081 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.