Amend HB 2491 (engrossed version) as follows:                                
	(1)  On page 8, line 16, after "transferee" insert "within 30 
days."
	(2)  Insert the following appropriately numbered section and 
renumber subsequent sections accordingly:
	SECTION ____.  Section 32.065(c), Tax Code, is amended to 
read as follows:   
	(c)  Notwithstanding any other provision of this code, a 
transferee of a tax lien is subrogated to and is entitled to 
exercise any right or remedy possessed by the transferring taxing 
unit, including or related to foreclosure of judicial sale, but is 
prohibited from exercising a remedy of foreclosure or judicial sale 
where the transferring taxing unit would be prohibited from 
foreclosure or judicial sale.
	(3)  Insert the following appropriately numbered section and 
renumber subsequent sections accordingly:
	SECTION ____.  Section 33.11, Tax Code, is amended to read as 
follows:       
	Sec. 33.11.  EARLY ADDITIONAL PENALTY FOR COLLECTION COSTS 
FOR TAXES IMPOSED ON PERSONAL PROPERTY.  (a)  In addition to the 
authority granted by Section 33.07, in order to defray costs of 
collection, the governing body of a taxing unit or appraisal 
district in the manner required by law for official action may 
provide that taxes imposed on tangible personal property that 
become delinquent on or after February 1 of a year incur an 
additional penalty on a date that occurs before July 1 of the year 
in which the taxes become delinquent if:
		(1)  the taxing unit or appraisal district or another 
unit that collects taxes for the unit has contracted with an 
attorney under Section 6.30; and
		(2)  the taxes on the personal property become subject 
to the attorney's contract before July 1 of the year in which the 
taxes become delinquent.
	(b)  A penalty imposed under Subsection (a) is incurred by 
the delinquent taxes on the later of:
		(1)  the date those taxes become subject to the 
attorney's contract; or
		(2)  60 days after the date the taxes become 
delinquent.      
	(c)  The amount of the penalty may not exceed the amount of 
the compensation specified in the contract with the attorney to be 
paid in connection with the collection of the delinquent taxes.
	(d)  A tax lien attaches to the property on which the tax is 
imposed to secure payment of the penalty.
	(e)  If a penalty is provided under this section, a taxing 
unit or appraisal district may not:
		(1)  recover attorney's fees in a suit to collect 
delinquent taxes subject to the penalty, or
		(2)  impose an additional penalty under Section 33.07 
on a delinquent personal property tax.
	(f)  If the governing body of a taxing unit or appraisal 
district provides for a penalty under this section, a tax bill 
relating to tangible personal property that is sent under Section 
31.01 must include a notice of the penalty and the date on which it 
is incurred the collector for the taxing unit or appraisal district 
shall send a notice of the penalty to the property owner.  The 
notice shall state the date on which the penalty is incurred, and 
the tax collector shall deliver the notice at least 30 and not more 
than 60 days before that date.  If the amount of personal property 
tax, penalty and interest owed to all taxing units for which the tax 
collector collects exceeds $10,000 on a single account identified 
by a unique property identification number, the notice regarding 
that account must be delivered by certified mail, return receipt 
requested.  All other notices under this section may be delivered by 
regular first-class mail.
	(g)  The authority granted to taxing units and appraisal 
districts under this section is to be construed as an alternative, 
with regards to delinquent personal property taxes, to the 
authority given by Section 33.07.
	(4)  On page 13, line 3, strike Subsection (6) in its 
entirety and replace with the following:
		(6)  requiring, at the time the foreclosure notices 
required by Subdivision (5) are served on the property owner, the 
transferee to serve a copy of the foreclosure notices in the same 
manner on the mortgage servicer or the holder of all recorded real 
property liens encumbering the property that includes on the first 
page, in 14-point boldfaced type or 14-point uppercase typewritten 
letters, a statement that reads substantially as follows:
		"PURSUANT TO TEXAS TAX CODE SECTION 32.06, THE 
FORECLOSURE SALE REFERRED TO IN THIS DOCUMENT IS A SUPERIOR 
TRANSFER TAX LIEN SUBJECT TO RIGHT OF REDEMPTION UNDER 
CERTAIN CONDITIONS.  THE FORECLOSURE IS SCHEDULED TO OCCUR ON 
THE (DATE)."
	(5)  On page 13, line 24, strike Subsection (f) in its 
entirety and replace with the following:
	(f)  Before accepting an application fee or executing a 
contract, [The first written communication by the lender] the 
transferee shall disclose to the transferee's [its] prospective 
borrower [shall disclose] each type and the amount [types] of 
possible additional charges or fees that may be incurred by the 
borrower in connection with the loan or contract under this 
section.