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Senate Bill 1520 |
Senate Author: Wentworth |
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Effective: 9-1-07 |
House Sponsor: Paxton |
Senate Bill 1520 amends provisions of the Tax Code relating to the transfer of a tax lien on real property to modify the circumstances under which such a lien may be transferred, the requirements for recording the transfer, notice requirements in connection with delinquent payments for such a lien, and the process by which a foreclosed property may be redeemed. The bill specifies that federal regulations relating to a consumer's right of rescission apply to a tax lien transfer.