SRC-AMY S.B. 1832 78(R)   BILL ANALYSIS


Senate Research Center   S.B. 1832
By: Staples
Business & Commerce
4/8/2003
As Filed


DIGEST AND PURPOSE 

Currently, there is no requirement that a landlord provide written notice
to tenant explaining that renter's insurance can be purchased to cover
certain losses, but flood damage insurance must be purchased from the
Federal Emergency Management Agency.  As proposed, S.B. 1832 requires a
landlord to provide a tenant, before entering a lease agreement,
information about obtaining flood insurance, in writing. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Chapter 92A, Property Code, by adding Section 92.015,
as follows: 

Sec. 92.015.  DISCLOSURE REGARDING FLOOD COVERAGE IN RENTER'S INSURANCE.
(a) Sets forth the required written notice, informing the tenant regarding
flood insurance, a landlord, or landlord's agent, must give to the tenant
before entering into an oral or written lease with the tenant. 

SECTION 2.  Effective date:  September 1, 2004.
                       Makes application of this Act prospective.