1-1 By: Siebert (Senate Sponsor - Jackson) H.B. No. 2176
1-2 (In the Senate - Received from the House April 9, 1999;
1-3 April 12, 1999, read first time and referred to Committee on
1-4 Economic Development; May 5, 1999, reported favorably by the
1-5 following vote: Yeas 6, Nays 0; May 5, 1999, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to the discharge of a lien against a motor vehicle.
1-9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-10 SECTION 1. Section 501.115(a), Transportation Code, is
1-11 amended to read as follows:
1-12 (a) When a debt or claim secured by a lien has been
1-13 satisfied, the lienholder shall, within a reasonable time not to
1-14 exceed the maximum time allowed by Section 348.408, Finance Code
1-15 [21 days from receipt of the final payment], execute and deliver to
1-16 the owner, or the owner's designee, a discharge of the lien on a
1-17 form prescribed by the department.
1-18 SECTION 2. The importance of this legislation and the
1-19 crowded condition of the calendars in both houses create an
1-20 emergency and an imperative public necessity that the
1-21 constitutional rule requiring bills to be read on three several
1-22 days in each house be suspended, and this rule is hereby suspended,
1-23 and that this Act take effect and be in force from and after its
1-24 passage, and it is so enacted.
1-25 * * * * *