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A BILL TO BE ENTITLED
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AN ACT
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relating to notice by a property owner to a mortgage servicer that |
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the owner intends to enter into a contract with a property tax |
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lender. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 32.06, Tax Code, is amended by amending |
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Subsection (a-1) and adding Subsection (a-10) to read as follows: |
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(a-1) A property owner may authorize another person to pay |
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the taxes imposed by a taxing unit on the owner's real property by |
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executing and filing with the collector for the taxing unit: |
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(1) a sworn document stating: |
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(A) the authorization for payment of the taxes; |
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(B) the name and street address of the transferee |
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authorized to pay the taxes of the property owner; |
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(C) a description of the property by street |
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address, if applicable, and legal description; [and] |
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(D) that notice has been given to the property |
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owner that if the property owner is disabled, the property owner may |
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be eligible for a tax deferral under Section 33.06; and |
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(E) that the notice required by Subsection (a-10) |
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has been mailed by certified mail to any applicable mortgage |
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servicer; and |
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(2) the information required by Section 351.054, |
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Finance Code. |
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(a-10) Not later than the 10th day before the date a |
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property owner executes a contract with a transferee, the property |
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owner shall send by certified mail to any applicable mortgage |
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servicer a notice that the property owner intends to enter into a |
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contract with the transferee authorizing the transferee to pay the |
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delinquent taxes on the property. |
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SECTION 2. The change in law made by this Act applies only |
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to a contract between a property owner and a transferee authorizing |
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the transferee to pay the delinquent taxes on the property that is |
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entered into on or after the effective date of this Act. A contract |
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entered into before the effective date of this Act is governed by |
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the law in effect on the date the contract is entered into, and the |
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former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2015. |