LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 5, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), As Engrossed 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
May 5, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), As Engrossed
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2066 by Oliveira (Relating to the rescission of 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
HB2066 by Oliveira (Relating to the rescission of nonjudicial foreclosure sales.), As Engrossed
HB2066 by Oliveira (Relating to the rescission of 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 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