Texas 2011 - 82nd Regular

Texas Senate Bill SR1257 Latest Draft

Bill / Enrolled Version

Download
.pdf .doc .html
                            By: Lucio S.R. No. 1257


 SENATE RESOLUTION
 BE IT RESOLVED by the Senate of the State of Texas, 82nd
 Legislature, Regular Session, 2011, That Senate Rule 12.03 be
 suspended in part as provided by Senate Rule 12.08 to enable the
 conference committee appointed to resolve the differences on
 House Bill 213 (certain loans secured by a lien on residential
 real property and other transactions involving residential real
 property; providing civil penalties) to consider and take action
 on the following matter:
 Senate Rule 12.03(2) is suspended to permit the committee
 to omit text not in disagreement in SECTION 1 of the bill, from
 added Chapter 397, Finance Code, that reads as follows:
 Sec. 397.102.  ACTION BY DEBTOR.  In addition to any other
 legal and equitable remedy available, a debtor injured by a
 violation of this chapter may bring an action for recovery of
 actual damages, including reasonable attorney's fees.
 Sec. 397.102.  ACTION BY BORROWER. In addition to any
 other legal and equitable remedy available, a borrower injured by
 a violation of this chapter may bring an action:
 . . .
 (2)  to recover:
 (A)  actual damages, including reasonable
 attorney's fees; . . . .
 Explanation: The omission of the text is necessary to
 remove the authorization of a private cause of action under added
 Chapter 397, Finance Code.
  _______________________________
  President of the Senate
  I hereby certify that the
  above Resolution was adopted by
  the Senate on May 29, 2011, by the
  _______________________________
  Secretary of the Senate