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89(R) HB 2468 - Enrolled version - Bill Text
H.B. No. 2468
AN ACT
relating to the right of a purchaser to terminate a contract of
purchase and sale of real property for failure to provide notice
that the property is located in a public improvement district.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 5.0141(b), Property Code, is amended to
read as follows:
(b) In the event a contract of purchase and sale is entered
into without the seller providing the notice, the purchaser is
entitled to terminate the contract
for any reason, not later than
the seventh day after the date the purchaser receives the notice. A
purchaser may terminate the contract under this subsection only if
the municipality or county filed a copy of the service plan with the
county clerk in accordance with Section 372.013, Local Government
Code, before the date the contract was entered into
.
SECTION 2. Section 5.0141, Property Code, as amended by
this Act, applies only to a sale or conveyance of property for which
a binding contract is executed on or after the effective date of
this Act. A sale or conveyance for which a binding contract is
executed before the effective date of this Act is governed by the
law in effect on the date the contract is executed, and the former
law is continued in effect for that purpose.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.
______________________________
______________________________
President of the Senate
Speaker of the House
I certify that H.B. No. 2468 was passed by the House on April
23, 2025, by the following vote: Yeas 142, Nays 4, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 2468 was passed by the Senate on May
22, 2025, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor