Bill Text: TX SB1639 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to remedies for fraud and duress in the conveyance of real property.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-03-24 - Referred to State Affairs [SB1639 Detail]
Download: Texas-2021-SB1639-Introduced.html
87R12329 AJA-D | ||
By: Miles | S.B. No. 1639 |
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relating to remedies for fraud and duress in the conveyance of real | ||
property. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Title 4, Property Code, is amended by adding | ||
Chapter 31 to read as follows: | ||
CHAPTER 31. FRAUD AND DURESS IN REAL PROPERTY CONVEYANCES | ||
Sec. 31.001. RECOVERY OF TREBLE DAMAGES. (a) This section | ||
applies to a civil action to recover damages arising from: | ||
(1) the fraudulent conveyance of real property; | ||
(2) the fraudulent execution of a deed; or | ||
(3) the obtaining of the execution of a deed by a | ||
person acting under duress. | ||
(b) A claimant who successfully asserts a claim described by | ||
Subsection (a) may recover three times the claimant's actual | ||
damages. | ||
SECTION 2. The change in law made by this Act applies only | ||
to a cause of action that accrues on or after the effective date of | ||
this Act. | ||
SECTION 3. This Act takes effect September 1, 2021. |