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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A person who informs a potential claimant that the claimant may be entitled to claim property under this chapter may not contract for or receive from the claimant for services an amount that exceeds 10 percent of the value of the property recovered.
(b) A person who receives a fee for recovery from a claimant that exceeds 10 percent of the value of the property recovered is liable to the claimant for the amount of the fee plus attorney's fees and expenses.
Cite this article: FindLaw.com - Texas Property Code - PROP § 77.206. Fee for Recovery - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-77-206/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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