Amends TCA Title 67, Chapter 4, Part 4.
As introduced, requires that instruments assigning an indebtedness to a new lienholder be offered for recording within 60 days from the effective date of the instrument; imposes penalty of $250 if the instrument is offered for recording after the 60-day period.
As introduced, requires that instruments assigning an indebtedness to a new lienholder be offered for recording within 60 days from the effective date of the instrument; imposes penalty of $250 if the instrument is offered for recording after the 60-day period.
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