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Amend SB 1520 (House committee printing) as follows:
(1) In SECTION 1 of the bill, in the recital to the section
(page 1, line 5), between "(f)," and "(i),", insert "(g),".
(2) In SECTION 1 of the bill, in the recital to the section
(page 1, line 5), between "(i)," and "and", insert "(j),".
(3) In SECTION 1 of the bill, in the recital to the section
(page 1, lines 6 and 7), strike "(f-1), (f-2), (f-3), (f-4),".
(4) In SECTION 1 of the bill, in proposed Subsection (b-1),
Section 32.06, Tax Code (page 4, line 2), strike "any mortgage
servicer" and substitute "any recorded mortgage servicer".
(5) In SECTION 1 of the bill, in proposed Subsection (b-1),
Section 32.06, Tax Code (page 4, line 3), between "a" and "first",
insert "recorded".
(6) In SECTION 1 of the bill, in proposed Subsection (c-1),
Section 32.06, Tax Code (page 4, line 22, through page 5, line 14),
strike proposed Subdivisions (1) and (2) of the subsection and
substitute the following:
(1) the application for the foreclosure must:
(A) allege that the lien is an ad valorem tax lien
instead of a lien created under Section 50, Article XVI, Texas
Constitution;
(B) state that the applicant does not seek a
court order required by Section 50, Article XVI, Texas
Constitution; and
(C) state that the transferee has provided notice
to cure the default and notice of intent to accelerate to the
property owner, and notice of acceleration of the maturity of the
debt to the property owner, any recorded mortgage servicer, and
each holder of a recorded lien on the property in the manner
required for notice to a debtor under Section 51.002, Property
Code; and
(2) the holder of a recorded preexisting lien must be
provided at least 60 days' notice before the date of the proposed
foreclosure and, notwithstanding any contractual agreement with
the property owner, is entitled to payoff information to the
greatest extent permitted by 15 U.S.C. Section 6802 and 12 C.F.R.
Part 216.