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Tex. Fin. Code § 342.454

RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19, eff

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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.