Bill Text: TX HB2224 | 2011-2012 | 82nd Legislature | Comm Sub
Bill Title: Relating to the collection of certain foreclosure data by the Texas Department of Housing and Community Affairs.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-05-10 - Committee report sent to Calendars [HB2224 Detail]
Download: Texas-2011-HB2224-Comm_Sub.html
| 82R23925 AJA-F | |||
| By: Davis of Dallas | H.B. No. 2224 | ||
| Substitute the following for H.B. No. 2224: | |||
| By: Mallory Caraway | C.S.H.B. No. 2224 | ||
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| relating to the collection of certain foreclosure data by the Texas | ||
| Department of Housing and Community Affairs. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 51, Property Code, is amended by adding | ||
| Section 51.0022 to read as follows: | ||
| Sec. 51.0022. FORECLOSURE DATA COLLECTION. (a) In this | ||
| section, "department" means the Texas Department of Housing and | ||
| Community Affairs. | ||
| (b) On completion of a sale of real property, the trustee or | ||
| sheriff shall submit to the county clerk a completed form that | ||
| contains information on whether the property is residential and the | ||
| zip code of the property or, if available, the census tract in which | ||
| the property is located. | ||
| (c) Not later than the 30th day after the date of receipt of | ||
| a form under this section, the county clerk shall transmit the form | ||
| to the department. | ||
| (d) The board of the department shall prescribe the forms | ||
| required under this section. The forms may only request | ||
| information on whether the property is residential and the zip code | ||
| or census tract of the property. | ||
| (e) The department shall report the information received | ||
| under this section quarterly to the legislature in a format | ||
| established by the board of the department by rule. | ||
| SECTION 2. (a) The board of the Texas Department of Housing | ||
| and Community Affairs shall adopt the forms required by Section | ||
| 51.0022, Property Code, as added by this Act, not later than January | ||
| 1, 2012. | ||
| (b) The change in law made by Section 51.0022, Property | ||
| Code, as added by this Act, applies only to a foreclosure sale for | ||
| which a notice of sale is filed on or after January 1, 2012. A | ||
| foreclosure sale for which a notice of sale is filed before January | ||
| 1, 2012, is governed by the law in effect on the date the notice is | ||
| filed, and the former law is continued in effect for that purpose. | ||
| SECTION 3. This Act takes effect September 1, 2011. | ||
