SECTION 96.64. Release or Retransfer of Interest in Transition Property

By its signed notice, a financing party of record may release, and an assignee of record may retransfer all or a part of its interest in transition property described in a filed transition property notice. The filing officer has promulgated a form for an amendment to a transition property notice that may be used to indicate a release or retransfer of interest in transition property. A filing party may use the form or submit a document identified as a notice of release or retransfer that contains:

(1) A description of the transition property being released or retransfered;

(2) The name and address of the grantor or assignor;

(3) The name and address of the financing party or assignee of record;

(4) The file number of the transition property notice to which the release or retransfer relates;

(5) The financing order docket number for the financing order from which the transition property is derived.

Source Note: The provisions of this §96.64 adopted to be effective September 4, 2001, 26 TexReg 6658