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Amend SB 472 (house committee report) by adding the following
appropriately numbered SECTION to the bill and renumber the
remaining SECTIONS accordingly:
SECTION ____. Chapter 51, Property Code, is amended by
adding Section 51.0023, to read as follows:
Sec. 51.0023. RETURN OF CERTAIN PAYMENTS AFTER NOTICE OF
SALE. (a) A mortgage servicer that receives a payment from the
debtor after giving notice of sale under Section 51.002(b) shall
return the payment not later than the 10th day after the date of the
foreclosure sale if the foreclosure sale occurs on the date
provided in the notice of sale.
(b) This section applies only to a lien on residential real
property occupied by the debtor as the debtor's homestead.