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Amend CSSB 1520 (Senate committee printing) as follows:
(1) In the recital to SECTION 1 of the bill (page 1, line
14), between "adding Subsections" and "(b-1)", insert "(a-4),".
(2) In SECTION 1 of the bill, in amended Section 32.06, Tax
Code (page 1, lines 43-51), strike amended Subsection (a-3) and
substitute the following:
(a-3) If the property owner has executed an authorization
under Section (a-2)(2)(C) consenting to a transfer of the tax liens
for both the taxes on the property that are not delinquent and taxes
on the property that are delinquent, the collector shall certify in
one document the transfer of the liens for all the taxes.
(a-4) The Finance Commission of Texas shall:
(1) prescribe the form and content of an appropriate
disclosure statement to be provided to a property owner before the
execution of a tax lien transfer; and
(2) adopt rules relating to the reasonableness of
closing costs, fees, and other charges permitted under this section
[A tax lien may be transferred before the delinquency date in the
manner provided by Subsection (a-1) only if the real property is not
subject to a lien other than the tax lien].
(3) In SECTION 1 of the bill, in proposed Paragraph (C),
Subdivision (1), Subsection (c-1), Section 32.06, Tax Code, (page
2, lines 48 and 49), strike ", the mortgage servicer,".