TO: | Honorable Helen Giddings, Chair, House Committee on Business & Industry |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2207 by Gallego (Relating to the conveyance of certain residential real property encumbered by a lien. ), Committee Report 1st House, Substituted |
The bill amends the Property Code relating to the conveyance of certain residential real property encumbered by a lien. Based on the analysis of the Office of the Attorney General, the Real Estate Commission and the Department of Savings and Mortgage Lending, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
This bill would take effect January 1, 2008.
Source Agencies: | 302 Office of the Attorney General, 329 Real Estate Commission, 450 Department of Savings and Mortgage Lending
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LBB Staff: | JOB, JRO, MW, NV
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