Bill Text: TX HB565 | 2011-2012 | 82nd Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the procedures required for the foreclosure of a property owners' association's assessment lien.
Sponsorship: Partisan Bill (Republican 4)
Status: (Introduced - Dead) 2011-05-02 - Considered in Calendars [HB565 Detail]
Download: Texas-2011-HB565-Introduced.html
Bill Title: Relating to the procedures required for the foreclosure of a property owners' association's assessment lien.
Sponsorship: Partisan Bill (Republican 4)
Status: (Introduced - Dead) 2011-05-02 - Considered in Calendars [HB565 Detail]
Download: Texas-2011-HB565-Introduced.html
| 82R3517 NC-D | ||
| By: Solomons | H.B. No. 565 | |
|
|
||
|
|
||
| relating to the procedures required for the foreclosure of a | ||
| property owners' association's assessment lien. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 209, Property Code, is amended by adding | ||
| Section 209.0091 to read as follows: | ||
| Sec. 209.0091. JUDICIAL FORECLOSURE REQUIRED. (a) Except | ||
| as provided by Subsection (d), 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). | ||
| (b) The supreme court, as an exercise of the court's | ||
| authority under Section 74.024, Government Code, shall adopt rules | ||
| establishing expedited foreclosure proceedings for use by a | ||
| property owners' association in foreclosing an assessment lien of | ||
| the association. Except as provided by this section, the rules | ||
| adopted under this subsection must be substantially similar to the | ||
| rules adopted by the supreme court under Section 50(r), Article | ||
| XVI, Texas Constitution. | ||
| (c) Rules adopted under Subsection (b) must require | ||
| personal service on the record owners of the property of a copy of | ||
| the notice and application for foreclosure of the lien. | ||
| (d) Expedited foreclosure is not required under this | ||
| section if the owner of the property that is subject to foreclosure | ||
| agrees in writing at the time the foreclosure is sought to waive | ||
| expedited foreclosure under this section. A waiver under this | ||
| subsection may not be required as a condition of the transfer of | ||
| title to real property. | ||
| SECTION 2. (a) Section 209.0091, Property Code, as added | ||
| by this Act, applies only to a foreclosure sale that occurs after | ||
| January 1, 2012. A foreclosure sale that occurs on or before | ||
| January 1, 2012, is governed by the law in effect immediately before | ||
| the effective date of this Act, and that law is continued in effect | ||
| for that purpose. | ||
| (b) Not later than January 1, 2012, the Supreme Court of | ||
| Texas shall adopt rules of civil procedure under Section 209.0091, | ||
| Property Code, as added by this Act. | ||
| SECTION 3. This Act takes effect September 1, 2011. | ||
