84R6298 SMH-D
By: Oliveira, Flynn, Anderson of McLennan, H.B. No. 1936
Guerra, Walle, et al.
A BILL TO BE ENTITLED
AN ACT
relating to notice by a property owner to a mortgage servicer that
the owner intends to enter into a contract with a property tax
lender.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 32.06, Tax Code, is amended by amending
Subsection (a-1) and adding Subsection (a-10) to read as follows:
(a-1) A property owner may authorize another person to pay
the taxes imposed by a taxing unit on the owner's real property by
executing and filing with the collector for the taxing unit:
(1) a sworn document stating:
(A) the authorization for payment of the taxes;
(B) the name and street address of the transferee
authorized to pay the taxes of the property owner;
(C) a description of the property by street
address, if applicable, and legal description; [and]
(D) that notice has been given to the property
owner that if the property owner is disabled, the property owner may
be eligible for a tax deferral under Section 33.06; and
(E) that the notice required by Subsection (a-10)
has been mailed by certified mail to any applicable mortgage
servicer; and
(2) the information required by Section 351.054,
Finance Code.
(a-10) Not later than the 10th day before the date a
property owner executes a contract with a transferee, the property
owner shall send by certified mail to any applicable mortgage
servicer a notice that the property owner intends to enter into a
contract with the transferee authorizing the transferee to pay the
delinquent taxes on the property.
SECTION 2. The change in law made by this Act applies only
to a contract between a property owner and a transferee authorizing
the transferee to pay the delinquent taxes on the property that is
entered into on or after the effective date of this Act. A contract
entered into before the effective date of this Act is governed by
the law in effect on the date the contract is entered into, and the
former law is continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2015.