Texas Collateral Assignment of Note and Liens (Security Agreement)

County Specific Legal Forms Validated as recently as March 16, 2026 by our Forms Development Team

Texas Collateral Assignment of Note and Liens (Security Agreement)
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About the Texas Collateral Assignment of Note and Liens (Security Agreement)

Texas Collateral Assignment of Note and Liens (Security Agreement)
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How to Use This Form

  1. Select your county from the list on the left
  2. Download the county-specific form
  3. Fill in the required information
  4. Have the document notarized if required
  5. Record with your county recorder's office

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1. Borrower/Obligor 2. Debtor/Original Lender 3. Secured Party(SP)/3rd Party/New Lender

This form assigns the current Debtors/lenders security interest in a promissory note backed by a previously recorded Deed of Trust Lien, with all rights, titles, equities and interest securing the same as described in that certain Deed of Trust. This collateral is assigned to a Secured Party to protect a Security Agreement made between the Debtor and Secured Party. A collateral assignment is a pledge that the Debtor will pay the Secured Party as agreed. Debtor authorizes Secured Party, at Secured Party's option, to collect any and all sums becoming due upon the Collateral, such sums to be held by Secured Party without liability for interest thereon and applied toward the payment of the Obligations as and when the same becomes payable, and Secured Party shall have the full control of the Collateral and the Deed of Trust Lien securing the same until the Obligations are fully paid and shall have the further right to release the Deed of Trust Lien securing the Collateral upon the full and final payment to Secured Party.

Typically used by Private Lenders/Debtors to borrow money on a property that they financed by a Deed of Trust Lien and Promissory Note.

Sec. 9.102. DEFINITIONS AND INDEX OF DEFINITIONS. (a) In this chapter:
(12) "Collateral" means the property subject to a security interest or agricultural lien. The term includes:
(A) proceeds to which a security interest attaches;
(B) accounts, chattel paper, payment intangibles, and promissory notes that have been sold; and
(C) goods that are the subject of a consignment.

(28) "Debtor" means:
(A) a person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;
(B) a seller of accounts, chattel paper, payment intangibles, or promissory notes; or
(C) a consignee.

(66) "Promissory note" means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgement by a bank that the bank has received for deposit a sum of money or funds.

(73) "Secured party" means:
(A) a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;
(B) a person that holds an agricultural lien;
(C) a consignor;
(D) a person to which accounts, chattel paper, payment intangibles, or promissory notes have been sold;
(E) a trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or
(F) a person that holds a security interest arising under Section 2.401, 2.505, 2.711(c), 2A.508(e), 4.210, or 5.118.

(74) "Security agreement" means an agreement that creates or provides for a security interest.

For use in Texas only.


How to Use This Form

  1. Select your county from the list above
  2. Download the county-specific form
  3. Fill in the required information
  4. Have the document notarized if required
  5. Record with your county recorder's office

What Others Like You Are Saying

— Michelle H.

"Fast, easy and helpful. Highly recommend, my document was recorded within 24 hours."

— Edward L.

"Excellent web site with just the right documents. Filled a very important need in less tha 2 minutes…"

— Ron D.

"No choice since the county does not seem to provide info you supplied."

— sean m.

"Wow everything I need in one place... what a concept. thanks Deeds.com for the deeds, the guides and…"

— Kimberly M.

"Great service once again from Deeds.com. I will be using them again in the future."

Common Uses for Collateral Assignment of Note and Liens (Security Agreement)

  • Subordinate a second mortgage to allow refinancing
  • Record a partial release of a mortgage or deed of trust
  • Secure a loan with real property as collateral
  • Release collateral after a commercial loan is paid off
  • Establish priority of a mortgage or deed of trust
  • Record a deed of trust to secure a promissory note
  • Substitute a new trustee on a deed of trust

Important: County-Specific Forms

Our collateral assignment of note and liens (security agreement) forms are specifically formatted for each county in Texas.

After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.

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