Suspending limitations on conference committee
jurisdiction, H.B. No. 1493
By: Harris S.R. No. 1015
SENATE RESOLUTION
BE IT RESOLVED by the Senate of the State of Texas, 78th
Legislature, Regular Session, 2003, That Senate Rule 12.03 be
suspended in part as provided by Senate Rule 12.08 to enable the
conference committee appointed to resolve the differences on
House Bill No. 1493, relating to the foreclosure of property and
the authority of a mortgage servicer to administer the
foreclosure on behalf of a mortgagee, to consider and take action
on the following matter:
Senate Rule 12.03(1) is suspended to permit the committee
to amend text that is not in disagreement in Section 51.009,
Property Code, as added by the bill, by adding the phrase "except
as to warranties of title", so that the section reads as follows:
Sec. 51.009. FORECLOSED PROPERTY SOLD "AS IS." A
purchaser at a sale of real property under Section 51.002:
(1) acquires the foreclosed property "as is"
without any expressed or implied warranties, except as to
warranties of title, and at the purchaser's own risk; and
(2) is not a consumer.
Explanation: The changed text is necessary to clarify
that any warranties of title granted in a foreclosure sale under
Section 51.002, Property Code, are valid.
_______________________________
President of the Senate
I hereby certify that the
above Resolution was adopted by
the Senate on June 1, 2003, by the
following vote: Yeas 31, Nays 0.
_______________________________
Secretary of the Senate