89th Legislature, Regular Session
HB 622
Relating to mandatory sales price disclosure in commercial and industrial real property sales; providing a civil penalty.
Introduced
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
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89R3423 DRS-F By: Bernal H.B. No. 622 A BILL TO BE ENTITLED AN ACT relating to mandatory sales price disclosure in commercial and industrial real property sales; providing a civil penalty. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 12, Property Code, is amended by adding Section 12.0014 to read as follows: Sec. 12.0014. MANDATORY SALES PRICE DISCLOSURE IN COMMERCIAL AND INDUSTRIAL REAL PROPERTY SALES. (a) A person may not file for record or have recorded in the county clerk's office an instrument conveying commercial or industrial real property under a