CS/HB 643 (2008) -  Foreclosure Fraud

General Bill by Jobs & Entrepreneurship Council and Ford (CO-SPONSORS) Ambler; Brisé; Bucher; Bullard; Chestnut; Gibbons; Gibson, H.; Gonzalez; Hasner; Homan; Hukill; McKeel; Patronis; Reagan; Richardson; Richter; Roberson, Y.; Schenck; Schultz; Weatherford; Zapata
Foreclosure Fraud: Provides legislative findings & intent relating to need to protect homeowners who enter into agreements designed to save homes from foreclosure; prohibits foreclosure consultants from engaging in specified acts or failing to perform contracted services; requires all agreements for foreclosure-related services & foreclosure-rescue services to be in writing; specifies required information in written agreements; requires statements in written agreements to be in uppercase letters of specified size; provides homeowners with right to cancel agreement for specified period & specifies right may not be waived; provides homeowner has specified period during which to cure defaults; requires equity purchasers to verify homeowner's ability to make payments under repurchase agreement; provides for rebuttable presumption of specified transactions being unconscionable; provides that foreclosure-rescue transactions involving lease option or other repurchase agreement create rebuttable presumption that transaction is loan transaction & conveyance from homeowner to equity purchaser is mortgage; provides for limited application of presumptions & for exclusions; provides that persons who violate specified provisions commits unfair & deceptive trade practice; repeals provision relating to violations involving individual homeowners during course of residential foreclosure proceedings.
Effective Date: October 1, 2008
Last Event: 05/28/08 Approved by Governor; Chapter No. 2008-79 on Wednesday, May 28, 2008 2:58 PM
Date Available for Final Passage: Friday, March 28, 2008 3:33 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 992 Subject: Foreclosure Fraud [EPCC] Relationship: Identical
Bill #: HB 835 Subject: Mortgage Rescue Fraud Relationship: Compare
Bill #: SB 2214 Subject: Mortgage Rescue Fraud Act [EPCC] Relationship: Compare

Bill Text

  • Enrolled
  • Engrossed 1
  • Committee Substitute 1
    • A 841213 , Brisé Date Filed: 03/25/08, Page#: 0, Line#: 358 House: Withdrawn 03/26/2008 03:32 PM
    • D 533109 , Ford Date Filed: 03/25/08, Page#: 0, Line#: 0 House: Adopted 03/26/2008 03:33 PM
    • AA 263841 , Brisé Date Filed: 03/25/08, Page#: 0, Line#: 0 House: Failed 03/26/2008 03:20 PM
    • AA 494651 , Brisé Date Filed: 03/25/08, Page#: 0, Line#: 136 House: Withdrawn 03/26/2008 03:31 PM
    • SA 540703 (late) , Brisé Date Filed: 03/26/08, Page#: 0, Line#: 144
    • AA 630083 (late) , Brisé Date Filed: 03/26/08, Page#: 0, Line#: 144 House: Not Allowed for Consideration 03/26/2008 03:21 PM
    • AA 515637 , Brisé Date Filed: 03/25/08, Page#: 0, Line#: 322 House: Failed 03/26/2008 03:29 PM
  • Original Filed Version

Staff Analysis

Chamber Committee
Chamber: House Committee: Jobs & Entrepreneurship Council 3/14/2008 4:50:31 PM
Chamber: House Committee: Jobs & Entrepreneurship Council 3/12/2008 2:53:13 PM
Chamber: House Committee: Committee on Financial Institutions 3/10/2008 10:59:08 AM
Chamber: House Committee: Committee on Financial Institutions 3/10/2008 10:53:59 AM --UnPublished--
Chamber: House Committee: Committee on Financial Institutions 3/4/2008 4:53:25 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 03/26/2008 03:29 PM   Yeas: 41 Nays: 72 Action: Action 2: Vote Detail: Vote [Seq# 634] Barcode: 515637
Chamber: House Date: 03/26/2008 03:42 PM   Yeas: 113 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 635] Barcode:
Chamber: Senate Date: 05/01/2008 10:19 AM   Yeas: 38 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 9] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Approved by Governor; Chapter No. 2008-79 Time: 05/28/2008 - 2:58 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 05/16/2008 - 5:03 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 05/01/2008 - 11:23 AM Member: Committee: Version: e1
Event: H In Messages Time: 05/01/2008 - 11:23 AM Member: Committee: Version: e1
Event: S CS passed; YEAS 38 NAYS 0 -SJ 01100 Time: 05/01/2008 - 10:18 AM Member: Committee: Version: er
Event: S Read 3rd time -SJ 01100 Time: 05/01/2008 - 10:17 AM Member: Committee: Version: er
Event: S Read 2nd time -SJ 01080 Time: 04/30/2008 - 4:31 PM Member: Committee: Version: er
Event: S Substituted for CS/CS/SB 992 -SJ 01080 Time: 04/30/2008 - 4:31 PM Member: Committee: Version: er
Event: S Withdrawn from Banking and Insurance; Judiciary -SJ 01080 Time: 04/30/2008 - 4:31 PM Member: Committee: Version: er
Event: S Received, referred to Banking and Insurance; Judiciary -SJ 00978 Time: 04/29/2008 - 7:23 PM Member: Committee: Version: er
Event: H Message sent to senate Time: 04/02/2008 - 7:51 PM Member: Committee: Version: e1
Event: S In Messages Time: 04/02/2008 - 7:35 PM Member: Committee: Version: er
Event: H Message sent to senate Time: 04/02/2008 - 7:35 PM Member: Committee: Version: e1
Event: H Passage on third reading Time: 03/26/2008 - 3:42 PM Member: Committee: Version: c1
Event: H CS passed as amended; YEAS 113, NAYS 0 Time: 03/26/2008 - 3:41 PM Member: Committee: Version: c1
Event: H Amendment 533109 adopted Time: 03/26/2008 - 3:33 PM Member: Committee: Version: c1
Event: H Amendment 841213 withdrawn Time: 03/26/2008 - 3:32 PM Member: Committee: Version: c1
Event: H Read 3rd time Time: 03/26/2008 - 3:31 PM Member: Committee: Version: c1
Event: H Amendment 494651 withdrawn Time: 03/26/2008 - 3:31 PM Member: Committee: Version: c1
Event: H Amendment 533109 adopted as amended Time: 03/26/2008 - 3:31 PM Member: Committee: Version: c1
Event: H Amendment 515637 Failed Time: 03/26/2008 - 3:29 PM Member: Committee: Version: c1
Event: H Amendment 630083 not allowed for consideration Time: 03/26/2008 - 3:21 PM Member: Committee: Version: c1
Event: H Amendment No Action Time: 03/26/2008 - 3:21 PM Member: Committee: Version: c1
Event: H Amendment 263841 Failed Time: 03/26/2008 - 3:20 PM Member: Committee: Version: c1
Event: H Amendment No Action Time: 03/26/2008 - 3:20 PM Member: Committee: Version: c1
Event: H Amendment No Action Time: 03/26/2008 - 3:18 PM Member: Committee: Version: c1
Event: H Amendment No Action Time: 03/26/2008 - 3:18 PM Member: Committee: Version: c1
Event: H Amendment No Action Time: 03/26/2008 - 2:57 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 03/26/2008 - 2:52 PM Member: Committee: Version: c1
Event: H Amendment 630083 withdrawn Time: 03/26/2008 - 2:52 PM Member: Committee: Version: c1
Event: H Amendment 263841 withdrawn Time: 03/26/2008 - 2:52 PM Member: Committee: Version: c1
Event: H Amendment 515637 withdrawn Time: 03/26/2008 - 2:52 PM Member: Committee: Version: c1
Event: H Amendment 630083 filed late Time: 03/26/2008 - 1:33 PM Member: Committee: Version: c1
Event: H Amendment 540703 filed late Time: 03/26/2008 - 1:23 PM Member: Committee: Version: c1
Event: H Amendment 515637 filed Time: 03/25/2008 - 4:39 PM Member: Committee: Version: c1
Event: H Amendment 263841 filed Time: 03/25/2008 - 4:39 PM Member: Committee: Version: c1
Event: H Amendment 494651 filed Time: 03/25/2008 - 4:39 PM Member: Committee: Version: c1
Event: H Amendment 533109 filed Time: 03/25/2008 - 1:05 PM Member: Committee: Version: c1
Event: H Amendment 841213 filed Time: 03/25/2008 - 12:11 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (3/26/2008) Time: 03/24/2008 - 6:31 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 03/17/2008 - 7:03 PM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 03/17/2008 - 7:03 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 03/14/2008 - 6:27 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/14/2008 - 12:33 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19 Time: 03/14/2008 - 12:33 PM Member: Committee: Version: __
Event: H Reported out of Jobs & Entrepreneurship Council Time: 03/14/2008 - 12:32 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Favorable with CS by Jobs & Entrepreneurship Council Time: 03/13/2008 - 12:00 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Added to Jobs & Entrepreneurship Council agenda Time: 03/11/2008 - 4:23 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Now in Jobs & Entrepreneurship Council Time: 03/10/2008 - 10:44 AM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Reported out of Committee on Financial Institutions Time: 03/10/2008 - 10:44 AM Member: Committee: Committee on Financial Institutions Version: __
Event: H Favorable with 1 amendment(s) by Committee on Financial Institutions Time: 03/06/2008 - 3:30 PM Member: Committee: Committee on Financial Institutions Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Added to Committee on Financial Institutions agenda Time: 03/04/2008 - 4:21 PM Member: Committee: Committee on Financial Institutions Version: __
Event: H Now in Committee on Financial Institutions Time: 02/07/2008 - 5:50 PM Member: Committee: Committee on Financial Institutions Version: __
Event: H Referred to Committee on Financial Institutions by Jobs & Entrepreneurship Council Time: 02/07/2008 - 5:50 PM Member: Committee: Committee on Financial Institutions Version: __
Event: H Now in Jobs & Entrepreneurship Council Time: 01/27/2008 - 4:53 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Referred to Jobs & Entrepreneurship Council Time: 01/27/2008 - 4:53 PM Member: Committee: Jobs & Entrepreneurship Council Version: __
Event: H Filed Time: 01/22/2008 - 8:21 AM Member: Ford Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
501.2078