TO: |
Honorable Chris Turner, Chair, House Committee on Business & Industry |
FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
IN RE: |
HB3115 by Shine (relating to the release of a judgment lien on homestead property.), Committee Report 1st House, Substituted |
The bill would amend the Property Code to provide that a judgment debtor may file, at any time, a certificate of mailing that substantially complies with Section 52.0012(g). The bill would provide that a judgment debtor who files the affidavit must send a letter notifying the judgment creditor of the filing of the affidavit and a copy of the filed affidavit to certain addresses. The bill would provide that, if a judgment debtor has filed a certificate of mailing, a bona fide purchaser or mortgagee and similarly situated individuals can rely conclusively on the affidavit for the 90-day period that begins on the date the certificate of mailing was filed.
Based on information provided by the Office of Court Administration, no significant fiscal impact to the state court system is anticipated as a result from implementing the provisions of the bill.
Source Agencies: b > td > | 212 Office of Court Admin |
LBB Staff: b > td > | JMc, SZ, BH |