Section 51.0025 - Administration of Foreclosure By Mortgage Servicer A mortgage servicer may administer the foreclosure of property under Section 51.002 on behalf of a mortgagee if:
(1) the mortgage servicer and the mortgagee have entered into an agreement granting the current mortgage servicer authority to service the mortgage; and(2) the notices required under Section 51.002(b) disclose that the mortgage servicer is representing the mortgagee under a servicing agreement with the mortgagee and the name of the mortgagee and: (A) the address of the mortgagee; or(B) the address of the mortgage servicer, if there is an agreement granting a mortgage servicer the authority to service the mortgage.Tex. Prop. Code § 51.0025
Amended By Acts 2005, 79th Leg., Ch. 555, Sec. 2, eff. 9/1/2005.Added by Acts 2003, 78th Leg., ch. 554, Sec. 1, eff. 1/1/2004.