Title: Texas Complaint Regarding Action by Bank to Recover on Note After Application of Security Proceeds Introduction: In Texas, a Complaint Regarding Action by Bank to Recover on Note After Application of Security Proceeds is a legal document filed by a party to dispute the actions taken by a bank or financial institution after applying the security proceeds towards satisfying a note or debt. This complaint is applicable in cases where the bank's actions are considered as unfair, non-compliant with relevant laws, or in dispute. Keywords: 1. Texas Complaint: Refers to a legal document filed in Texas to initiate a lawsuit against an entity, in this case, a bank. 2. Action by Bank: Denotes the steps taken by a bank or financial institution to enforce its rights as a creditor. 3. Recover on Note: Indicates the bank's efforts to seek payment or fulfillment of a contractual obligation typically represented by a promissory note. 4. Application of Security Proceeds: Describes the bank's utilization of collateral or security assets to satisfy outstanding debts owed to them. Types of Texas Complaints Regarding Action by Bank to Recover on Note After Application of Security Proceeds: 1. Alleged Violation of Texas Uniform Commercial Code (UCC): This type of complaint concerns situations where the bank's actions are believed to contravene the provisions of the Texas UCC, which governs commercial transactions, including secured transactions involving promissory notes. 2. Impropriety in Security Proceeds Allocation: This complaint type deals with allegations that the bank has unjustly or improperly distributed the security proceeds to satisfy the note without providing the required notice, or by prioritizing certain claims over others in a way that violates the debtor's rights. 3. Disputed Application of Proceeds: If the debtor of the note disputes the bank's determination of the appropriate application of the security proceeds towards the outstanding debt, they can file this complaint to challenge the bank's decision. 4. Lack of Consistent Enforcement Actions: In some cases, the complaint may involve claims that the bank has inconsistently or improperly pursued actions to recover on the note, failing to apply security proceeds when appropriate or violating the responsible banking practices outlined in state or federal regulations. 5. Breach of Contract or Bad Faith: This category involves complaints that assert the bank has acted in bad faith or violated the terms of the original agreement between the parties, potentially leading to a breach of contract claim. Conclusion: A Texas Complaint Regarding Action by Bank to Recover on Note After Application of Security Proceeds allows a debtor to challenge a bank's actions regarding the application of security proceeds applied towards satisfying a note or debt. Filing such a complaint may involve allegations of UCC violations, improper allocation or disputed application of proceeds, inconsistent enforcement actions, or breach of contract claims in cases of bad faith.