Texas § 399.010 NOTICE TO MORTGAGE HOLDER REQUIRED FOR PARTICIPATION.

Texas Statutes

§ 399.010 — NOTICE TO MORTGAGE HOLDER REQUIRED FOR PARTICIPATION.

Texas § 399.010

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 399.010 (2026).

Text

Sec. 399.010. NOTICE TO MORTGAGE HOLDER REQUIRED FOR PARTICIPATION. Before a local government may enter into a written contract with a record owner of real property to impose an assessment to repay the financing of a qualified project under this chapter:

(1)the holder of any mortgage lien on the property must be given written notice of the owner's intention to participate in a program under this chapter on or before the 30th day before the date the written contract for assessment between the owner and the local government is executed; and

(2)a written consent from the holder of the mortgage lien on the property must be obtained.

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Sec. 399.010. NOTICE TO MORTGAGE HOLDER REQUIRED FOR PARTICIPATION. Before a local government may enter into a written contract with a record owner of real property to impose an assessment to repay the financing of a qualified project under this chapter:
(1) the holder of any mortgage lien on the property must be given written notice of the owner's intention to participate in a program under this chapter on or before the 30th day before the date the written contract for assessment between the owner and the local government is executed; and
(2) a written consent from the holder of the mortgage lien on the property must be obtained.