LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 3, 2015 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Property Code relating to the rescission of a nonjudicial foreclosure sale of real property under a contract lien. The bill would authorize a civil action challenging the effectiveness of a rescission or claiming damages resulting from the rescission. The Office of Court Administration reported no significant fiscal impact to the state court is anticipated. 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, SD, EK, JLi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 3, 2015
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), Committee Report 1st House, Substituted
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), Committee Report 1st House, Substituted
Honorable René Oliveira, Chair, House Committee on Business & Industry
Honorable René Oliveira, Chair, House Committee on Business & Industry
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), Committee Report 1st House, Substituted
HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), Committee Report 1st House, Substituted
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 relating to the rescission of a nonjudicial foreclosure sale of real property under a contract lien. The bill would authorize a civil action challenging the effectiveness of a rescission or claiming damages resulting from the rescission. The Office of Court Administration reported no significant fiscal impact to the state court is anticipated.
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, SD, EK, JLi
UP, CL, SD, EK, JLi