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A BILL TO BE ENTITLED
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AN ACT
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relating to notice of sale in connection with an expedited judicial |
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foreclosure of a contract lien on real property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 51.002, Property Code, is amended by |
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adding Subsection (b-2) to read as follows: |
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(b-2) For a power of sale exercised by the filing of an |
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application for an expedited court order allowing the foreclosure |
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of the contract lien under the Texas Rules of Civil Procedure: |
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(1) a citation issued to a debtor who is a respondent |
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in the expedited order proceeding satisfies the requirement for |
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notice of sale under Subsection (b) with respect to that debtor; and |
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(2) the notice is considered complete when service of |
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process is in accordance with the Texas Rules of Civil Procedure. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |