204.007 – EFFECT ON LIENHOLDERS. (a) Extensions of,
Texas Property Code § 204.007
Summary
This law clarifies the binding nature of certain property restrictions on lienholders, specifically regarding assessments. It affects lienholders by outlining when they must be notified about changes to restrictions and when they are exempt from such notifications.
Extensions of restrictions bind lienholders, except for certain assessments.
Lienholders are exempt from notice if assessments are subordinated to specific liens.
Excludes regular or special assessment increases from binding restrictions.
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In simple terms: Learn about Texas's EFFECT ON LIENHOLDERS. (a) Extensions of, law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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