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A BILL TO BE ENTITLED
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AN ACT
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relating to information required in a notice of sale of real |
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property under contract lien. |
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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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amending Subsection (i) and adding Subsection (j) to read as |
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follows: |
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(i) Notice served on a debtor under this section must state: |
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(1) the name and address of the sender of the notice; |
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and |
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(2) the name, telephone number, facsimile number, |
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e-mail address, and street address of: |
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(A) the trustee named in the deed of trust |
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authorized to exercise the power of sale; and |
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(B) if applicable, the substitute trustee |
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authorized to exercise the power of sale under the deed of trust. |
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(j) In [contain, in] addition to any other statements |
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required under this section, notice served on a debtor under this |
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section must contain a statement that is conspicuous, printed in |
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boldface or underlined type, and substantially similar to the |
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following: "Assert and protect your rights as a member of the |
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armed forces of the United States. If you are or your spouse is |
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serving on active military duty, including active military duty as |
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a member of the Texas National Guard or the National Guard of |
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another state or as a member of a reserve component of the armed |
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forces of the United States, please send written notice of the |
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active duty military service to the sender of this notice |
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immediately." |
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SECTION 2. Section 51.002(i), Property Code, as amended by |
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this Act, applies only to a notice of sale given on or after the |
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effective date of this Act. A notice of sale given before the |
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effective date of this Act is governed by the law as it existed when |
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the notice was given, and the former law is continued in effect for |
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that purpose. |
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SECTION 3. This Act takes effect September 1, 2015. |