Amend CSHB 371 as follows:
(1) On page 1, line 11, strike "Subsections (d), (e), and
(f)" and substitute "Subsections (d) and (e)".
(2) Strike page 1, line 13, through page 2, line 1, and
substitute:
(c) A seller who fails to comply with Subsection (a) is
liable to the purchaser for:
(1) liquidated damages in the amount of $250 [a day]
for each annual statement [day after January 31 that] the seller
fails to provide to the purchaser within the time required by
Subsection (a) [with the statement]; and
(2) reasonable attorney's fees.
(d) After January 31 of a year in which a statement is
required under Subsection (a), the purchaser may request in writing
that the seller provide the statement required under that
subsection. A request for a statement or accounting with respect to
the executory contract or any similar request is presumed to be a
request for a statement required by Subsection (a). If the seller
does not provide the statement to the purchaser on or before the
14th day after the date the seller receives the request, in addition
to the liability imposed by Subsection (c), the seller is liable to
the purchaser for liquidated damages in the amount of the lesser of:
(1) $250 a day for each day after the 14th day after the
date the seller receives the request that the seller does not
provide the statement; or
(2) the purchase price of the property.
(3) On page 2, strike lines 2-11.
(4) On page 2, strike lines 22-24.
(5) Strike page 2, line 25, through page 3, line 8, and
substitute "SECTION 3. Section 5.077(e), Property Code, as added by
this Act, applies only to an executory contract entered into on or".