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A BILL TO BE ENTITLED
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AN ACT
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relating to the collection of certain foreclosure data by the Texas |
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Department of Housing and Community Affairs. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 51, Property Code, is amended by adding |
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Section 51.0022 to read as follows: |
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Sec. 51.0022. FORECLOSURE DATA COLLECTION. (a) In this |
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section, "department" means the Texas Department of Housing and |
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Community Affairs. |
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(b) On completion of a sale of real property, the trustee or |
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sheriff shall submit to the county clerk a completed form that |
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contains information on whether the property is residential and the |
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zip code of the property or, if available, the census tract in which |
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the property is located. |
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(c) Not later than the 30th day after the date of receipt of |
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a form under this section, the county clerk shall transmit the form |
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to the department. |
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(d) The board of the department shall prescribe the forms |
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required under this section. The forms may only request |
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information on whether the property is residential and the zip code |
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or census tract of the property. |
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(e) The department shall report the information received |
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under this section quarterly to the legislature in a format |
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established by the board of the department by rule. |
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SECTION 2. (a) The board of the Texas Department of Housing |
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and Community Affairs shall adopt the forms required by Section |
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51.0022, Property Code, as added by this Act, not later than January |
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1, 2012. |
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(b) The change in law made by Section 51.0022, Property |
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Code, as added by this Act, applies only to a foreclosure sale for |
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which a notice of sale is filed on or after January 1, 2012. A |
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foreclosure sale for which a notice of sale is filed before January |
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1, 2012, is governed by the law in effect on the date the notice is |
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filed, and the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |