LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 12, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2063 by Oliveira (Relating to the recording and effective date of certain documents relating to nonjudicial foreclosure sales.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Property Code to permit certain paper documents, attached to a deed or an affidavit and received by the county clerk, to be recorded and to serve as the notice of the notice of the matter document. The bill sets forth criteria to establish an appointment or authorization of a trustee or substitute trustee in a notice of sale. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council, 450 Department of Savings and Mortgage Lending LBB Staff: UP, CL, EK, JLi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 12, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2063 by Oliveira (Relating to the recording and effective date of certain documents relating to nonjudicial foreclosure sales.), As Engrossed
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2063 by Oliveira (Relating to the recording and effective date of certain documents relating to nonjudicial foreclosure sales.), As Engrossed
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2063 by Oliveira (Relating to the recording and effective date of certain documents relating to nonjudicial foreclosure sales.), As Engrossed
HB2063 by Oliveira (Relating to the recording and effective date of certain documents relating to nonjudicial foreclosure sales.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code to permit certain paper documents, attached to a deed or an affidavit and received by the county clerk, to be recorded and to serve as the notice of the notice of the matter document. The bill sets forth criteria to establish an appointment or authorization of a trustee or substitute trustee in a notice of sale.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council, 450 Department of Savings and Mortgage Lending
212 Office of Court Administration, Texas Judicial Council, 450 Department of Savings and Mortgage Lending
LBB Staff: UP, CL, EK, JLi
UP, CL, EK, JLi