Finance
Under Texas law, a lender who fails to release a paid-off deed of trust lien within the required timeframe can be subject to:
ATREC disciplinary action
BDamages under Texas Property Code § 12.017 for failure to release the lien✓ Correct
CCriminal prosecution only
DA complaint with the Texas Railroad Commission
Explanation
Texas Property Code § 12.017 requires lenders to release a paid-off deed of trust lien within a specified period. Failure to do so can subject the lender to damages. The statute provides remedies to property owners for untimely lien releases.
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