Texas § 342.454 RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT.

Texas Statutes

§ 342.454 — RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT.

Texas § 342.454

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 342.454 (2026).

Text

Sec. 342.454. RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT. Within a reasonable time after a loan is repaid in full or an open-end account is terminated according to the terms of the contract, a lender shall cancel and return to a borrower any instrument, including a note, assignment, security agreement, or mortgage that:

(1)secured the loan; and

(2)does not secure another indebtedness of the borrower to the lender.

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Sec. 342.454. RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT. Within a reasonable time after a loan is repaid in full or an open-end account is terminated according to the terms of the contract, a lender shall cancel and return to a borrower any instrument, including a note, assignment, security agreement, or mortgage that:
(1) secured the loan; and
(2) does not secure another indebtedness of the borrower to the lender.