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Tex. Occ. Code § 1101.612

SUBROGATION

Known as the The Real Estate License Act

The act spans §§ 1101.001 to 1101.806 (164 sections).

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff

(a) The commission is subrogated to all rights of a judgment creditor to the extent of an amount paid from the trust account, and the judgment creditor shall assign to the commission all right, title, and interest in the judgment up to that amount.

(b) The commission has priority for repayment from any subsequent recovery on the judgment.

(c) The commission shall deposit any amount recovered on the judgment to the credit of the trust account.

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