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Texas Property Code - PROP § 53.281. Waiver and Release of Lien or Payment Bond Claim

Current as of April 14, 2021 | Updated by FindLaw Staff

(a) Any waiver and release of a lien or payment bond claim under this chapter is unenforceable unless a waiver and release is executed and delivered in accordance with this subchapter.

(b) A waiver and release is effective to release the owner, the owner's property, the contractor, and the surety on a payment bond from claims and liens only if:

(1) the waiver and release substantially complies with one of the forms prescribed by Section 53.284;

(2) the waiver and release is signed by the claimant or the claimant's authorized agent and notarized;  and

(3) in the case of a conditional release, evidence of payment to the claimant exists.

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Cite this article: FindLaw.com - Texas Property Code - PROP § 53.281. Waiver and Release of Lien or Payment Bond Claim - last updated April 14, 2021 | https://codes.findlaw.com/tx/property-code/prop-sect-53-281.html

Read this complete Texas Property Code - PROP § 53.281. Waiver and Release of Lien or Payment Bond Claim on Westlaw

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