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A BILL TO BE ENTITLED
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AN ACT
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relating to remedies for fraud and duress in the conveyance of real |
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property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Title 4, Property Code, is amended by adding |
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Chapter 31 to read as follows: |
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CHAPTER 31. FRAUD AND DURESS IN REAL PROPERTY CONVEYANCES |
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Sec. 31.001. RECOVERY OF TREBLE DAMAGES. (a) This section |
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applies to a civil action to recover damages arising from: |
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(1) the fraudulent conveyance of real property; |
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(2) the fraudulent execution of a deed; or |
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(3) the obtaining of the execution of a deed by a |
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person acting under duress. |
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(b) A claimant who successfully asserts a claim described by |
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Subsection (a) may recover three times the claimant's actual |
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damages. |
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SECTION 2. The change in law made by this Act applies only |
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to a cause of action that accrues on or after the effective date of |
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this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |