79R15418 KCR-D

By:  Lindsay                                                      S.B. No. 1886


A BILL TO BE ENTITLED
AN ACT
relating to foreclosure of certain property owners' association's liens. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 209, Property Code, is amended by adding Section 209.0091 to read as follows: Sec. 209.0091. JUDICIAL FORECLOSURE REQUIRED. A property owners' association may not foreclose a property owners' association's assessment lien unless the association obtains a court judgment foreclosing the lien and ordering the sale. SECTION 2. Sections 209.008(f) and (g), Property Code, are repealed. SECTION 3. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2005.