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.
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