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A BILL TO BE ENTITLED
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AN ACT
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relating to information provided to a purchaser of a manufactured |
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home regarding the ability to elect to treat the home as real |
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property or personal property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1201.164, Occupations Code, is amended |
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by adding Subsection (c) to read as follows: |
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(c) A sales purchase contract must include a disclosure |
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regarding a purchaser's ability to elect to treat a manufactured |
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home as real property or personal property. The disclosure |
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required under this subsection must explain: |
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(1) the conditions required under Section |
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1201.2055(a) for an owner to elect to treat a manufactured home as |
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real property; |
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(2) the effects of electing to treat a home as real |
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property; |
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(3) that the election must be made on the application |
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for the issuance of a statement of ownership; and |
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(4) that the election may be made to convert the home |
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from personal property to real property or from real property to |
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personal property. |
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SECTION 2. Section 1201.164(c), Occupations Code, as added |
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by this Act, applies only to a sales purchase contract that is first |
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signed by a retailer on or after the effective date of this Act. A |
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sales purchase contract that is first signed by a retailer before |
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the effective date of this Act is governed by the law as it existed |
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immediately before the effective date of this Act, and that law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2025. |