Sec. 5.064. SELLER'S REMEDIES ON DEFAULT.
192 words·~1 min read·
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Sec. 5.064. SELLER'S REMEDIES ON DEFAULT. A seller may enforce the remedy of rescission or of forfeiture and acceleration against a purchaser in default under an executory contract for conveyance of real property only if:
(1)the seller notifies the purchaser of:
(A)the seller's intent to enforce a remedy under this section; and
(B)the purchaser's right to cure the default within the 30-day period described by Section 5.065 ;
(2)the purchaser fails to cure the default within the 30-day period described by Section 5.065 ;
(3)Section 5.066 does not apply; and
(4)the contract has not been recorded in the county in which the property is located.
Acts 1983, 68th Leg., p. 3484, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1995, 74th Leg., ch. 994, Sec. 2, eff. Sept. 1, 1995. Renumbered from Property Code Sec. 5.061 and amended by Acts 2001, 77th Leg., ch. 693, Sec. 1, eff. Sept. 1, 2001. Amended by Acts 2003, 78th Leg., ch. 959, Sec. 1, eff. Sept. 1, 2003.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 996 (H.B. 311 ), Sec. 2, eff. September 1, 2015.