Texas § PR.62.104 - REFUSAL TO ESTABLISH ESCROW ACCOUNT OR BOND
Full text of Texas The Texas Constitution § PR.62.104 — REFUSAL TO ESTABLISH ESCROW ACCOUNT OR BOND, with citation guidance and answers to common questions.
§ PR.62.104. REFUSAL TO ESTABLISH ESCROW ACCOUNT OR BOND
REFUSAL TO ESTABLISH ESCROW ACCOUNT OR BOND. (a) A party may not refuse to close a transaction because of the requirement to establish an escrow account or bond as provided by Section 62.101 if: (1) the broker provides a copy of the notice of lien that complies with Sections 62.025 and 62.026 ; (2) sufficient proceeds will result from the proposed transaction for the payment of the commission and costs of the interpleader; and (3) the broker executes and delivers a full release of the broker's lien in a recordable form. (b) A prospective buyer of a commercial real estate interest may not refuse to close the purchase solely because a broker's lien is filed after the date a title commitment or abstract of title relating to the interest is issued if an escrow account is established as provided by this subchapter or a bond is filed as provided by Subchapter G. Added by Acts 1999, 76th Leg., ch. 1571, Sec. 1, eff. Aug. 30, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.62.104
What does The Texas Constitution § PR.62.104 cover?
Section PR.62.104 ("REFUSAL TO ESTABLISH ESCROW ACCOUNT OR BOND") 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.62.104?
A common citation format is "The Texas Constitution § PR.62.104" (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.62.104 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.