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HB576 • 2025

Relating to the persons authorized or appointed to exercise the power of sale under the terms of a contract lien on real property.

Relating to the persons authorized or appointed to exercise the power of sale under the terms of a contract lien on real property.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Shaheen
Last action
2025-05-05
Official status
05/05/2025 H Laid on the table subject to call
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to the persons authorized or appointed to exercise the power of sale under the terms of a contract lien on real property.

Relating to the persons authorized or appointed to exercise the power of sale under the terms of a contract lien on real property.

What This Bill Does

  • Relating to the persons authorized or appointed to exercise the power of sale under the terms of a contract lien on real property.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-05 Texas Legislature Online

    Placed on General State Calendar

  2. 2025-05-05 Texas Legislature Online

    Companion considered in lieu of. SB 372

  3. 2025-05-05 Texas Legislature Online

    Laid on the table subject to call

  4. 2025-05-02 Texas Legislature Online

    Considered in Calendars

  5. 2025-04-29 Texas Legislature Online

    Comte report filed with Committee Coordinator

  6. 2025-04-29 Texas Legislature Online

    Committee report distributed

  7. 2025-04-29 Texas Legislature Online

    Committee report sent to Calendars

  8. 2025-04-23 Texas Legislature Online

    Considered in public hearing

  9. 2025-04-23 Texas Legislature Online

    Reported favorably w/o amendment(s)

  10. 2025-04-09 Texas Legislature Online

    Scheduled for public hearing on . . .

  11. 2025-04-09 Texas Legislature Online

    Considered in public hearing

  12. 2025-04-09 Texas Legislature Online

    Testimony taken/registration(s) recorded in committee

  13. 2025-04-09 Texas Legislature Online

    Left pending in committee

  14. 2025-03-03 Texas Legislature Online

    Read first time

  15. 2025-03-03 Texas Legislature Online

    Referred to Trade, Workforce & Economic Development

  16. 2024-11-12 Texas Legislature Online

    Filed

Official Summary Text

Relating to the persons authorized or appointed to exercise the power of sale under the terms of a contract lien on real property.

Current Bill Text

Read the full stored bill text 
89(R) HB 576 - House Committee Report version - Bill Text

89R4423 ATP-F

By: Shaheen

H.B. No. 576

A BILL TO BE ENTITLED

AN ACT

relating to the persons authorized or appointed to exercise the

power of sale under the terms of a contract lien on real property.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Sections 51.0001(7) and (8), Property Code, are

amended to read as follows:

(7) "Substitute trustee" means
an individual,

corporation, organization, government or governmental subdivision

or agency, business trust, estate, trust, partnership,

association, or other legal entity
[
a person
] appointed by the

current mortgagee or mortgage servicer under the terms of the

security instrument to exercise the power of sale.

(8) "Trustee" means
an individual, corporation,

organization, government or governmental subdivision or agency,

business trust, estate, trust, partnership, association, or other

legal entity
[
a person or persons
] authorized to exercise the power

of sale under the terms of a security instrument in accordance with

Section 51.0074.

SECTION 2. 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.