Bill Text: TX HB2928 | 2013-2014 | 83rd Legislature | Introduced

Texas House Bill 2928 (Prior Session Legislation)

Introduced

Bill Title: Relating to the expedited foreclosure of a property owners' association's assessment lien.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-03-19 - Referred to Business & Industry [HB2928 Detail]

Download: Texas-2013-HB2928-Introduced.html

	83R9163 AJA-F

	By: Sheets	H.B. No. 2928



	A BILL TO BE ENTITLED
	AN ACT
	relating to the expedited foreclosure of a property owners'
	association's assessment lien.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 209.0092(a), Property Code, is amended
	to read as follows:
	(a) Except as provided by Subsection (c) and subject to
	Section 209.009, a property owners' association may not foreclose a
	property owners' association assessment lien unless the
	association first obtains a court order in an application for
	expedited foreclosure under the rules adopted by the supreme court
	under Subsection (b). By acquiring a lot in a residential
	subdivision, an owner grants to the property owners' association a
	power of sale authorizing the property owners' association to [A
	~~property owners' association may~~] use the procedure described by
	this subsection to foreclose any lien described by the
	association's dedicatory instruments.
	SECTION 2. This Act takes effect immediately if it receives
	a vote of two-thirds of all the members elected to each house, as
	provided by Section 39, Article III, Texas Constitution. If this
	Act does not receive the vote necessary for immediate effect, this
	Act takes effect September 1, 2013.