Section 271.008 - Applicability to Certain Real Property Transactions; Exceptions(a) Sections 271.004-271.007 apply to the determination of the law that governs an issue relating to a transaction involving real property other than a matter described by Subsection (b), including the validity or enforceability of an indebtedness incurred in consideration for the transfer of, or the payment of which is secured by a lien on, real property.(b) Sections 271.004-271.007 do not apply to the determination of the law that governs:(1) whether a transaction transfers or creates an interest in real property for security purposes or otherwise;(2) the nature of an interest in real property that is transferred or created by a transaction;(3) the method for foreclosure of a lien on real property;(4) the nature of an interest in real property that results from foreclosure; or(5) the manner and effect of recording or failing to record evidence of a transaction that transfers or creates an interest in real property.Tex. Bus. and Comm. Code § 271.008
Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.