The definition covers only corporations and trusts that invest in financial securities, so a pooled-money buyer organized another way, or one whose business is buying homes rather than securities, may fall outside the ban the caption advertises. The only remedy also rests with the seller, who may not want to cancel.
Sign anyway and the seller may cancel. Or not, and nothing happens.
The bill bars an investment firm from signing a contract to buy a listed single-family home during the first 30 days after the home goes on the market. It touches corporations and trusts that invest pooled investor money in financial securities, and the home sellers who deal with them. A contract signed in violation can be cancelled by the seller before it is fully carried out, but nothing else happens if the seller chooses to go through with the sale.
Labels
Labels: ZOMBIE BILL. Died 2 times: 88R HB 1057 (Died in committee) and this bill (Died in committee). Checked against 88R only.BACK FROM THE DEAD. Same text as a bill filed before that died: 88R HB 1057 (Died in committee). Filed in 2 sessions, counting this one. Checked against 88R only.TRY NO. 2. Filed in 2 sessions: 88R and 89R. Checked against 88R only.NEVER GOT A HEARING. Filed Feb 3, 2025 and referred to the House Trade, Workforce & Economic Development committee. No public hearing. The bill died.
relating to restrictions on the purchase of a single-family home by
an investment firm.
WHAT IT DOES
Sign anyway and the seller may cancel. Or not, and nothing happens.
The bill bars an investment firm from signing a contract to buy a listed single-family home during the first 30 days after the home goes on the market. It touches corporations and trusts that invest pooled investor money in financial securities, and the home sellers who deal with them. A contract signed in violation can be cancelled by the seller before it is fully carried out, but nothing else happens if the seller chooses to go through with the sale.
The definition covers only corporations and trusts that invest in financial securities, so a pooled-money buyer organized another way, or one whose business is buying homes rather than securities, may fall outside the ban the caption advertises. The only remedy also rests with the seller, who may not want to cancel.
TOTAL
No fiscal note in the loaded record.
HISTORY
Filed
Read first time
Referred to Trade, Workforce & Economic Development
Data snapshot Oct 26, 2026 at 4:19 AM CDT. Grades, charges, quotes and corrections follow the published record.
House committee · Trade, Workforce & Economic Development · Final status: Died in committee
Subjects
Business & Commerce--General
Property Interests--Real Property
Text
The text as introduced · 181 words
89R11026 ATP-D
By: Hinojosa
H.B. No. 2334
A BILL TO BE ENTITLED
AN ACT
relating to restrictions on the purchase of a single-family home by
an investment firm.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 5, Property Code, is
amended by adding Section 5.0155 to read as follows:
Sec. 5.0155. LIMITATION ON CERTAIN PURCHASERS. (a) In this
section, "investment firm" means a corporation or trust engaged in
the business of investing the pooled capital of investors in
financial securities.
(b) An investment firm may not enter into an executory
contract to purchase a single-family home that is listed for sale
before the 30th day after the date the home is listed.
(c) A contract entered into in violation of this section is
voidable by the seller at any time before the contract is fully
executed.
SECTION 2. Section 5.0155, Property Code, as added by this
Act, applies only to an executory contract entered into on or after
the effective date of this Act.
SECTION 3. This Act takes effect September 1, 2025.