84R11831 PMO-D
By: Smith H.B. No. 2681
A BILL TO BE ENTITLED
AN ACT
relating to information required in a notice of sale of real
property under contract lien.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 51.002, Property Code, is amended by
amending Subsection (i) and adding Subsection (j) to read as
follows:
(i) Notice served on a debtor under this section must state:
(1) the name and address of the sender of the notice;
and
(2) the name, telephone number, facsimile number,
e-mail address, and street address of:
(A) the trustee named in the deed of trust
authorized to exercise the power of sale; and
(B) if applicable, the substitute trustee
authorized to exercise the power of sale under the deed of trust.
(j) In [contain, in] addition to any other statements
required under this section, notice served on a debtor under this
section must contain a statement that is conspicuous, printed in
boldface or underlined type, and substantially similar to the
following: "Assert and protect your rights as a member of the
armed forces of the United States. If you are or your spouse is
serving on active military duty, including active military duty as
a member of the Texas National Guard or the National Guard of
another state or as a member of a reserve component of the armed
forces of the United States, please send written notice of the
active duty military service to the sender of this notice
immediately."
SECTION 2. Section 51.002(i), Property Code, as amended by
this Act, applies only to a notice of sale given on or after the
effective date of this Act. A notice of sale given before the
effective date of this Act is governed by the law as it existed when
the notice was given, and the former law is continued in effect for
that purpose.
SECTION 3. This Act takes effect September 1, 2015.