HB 576

bill redefining “trustee” in the foreclosure chapter

Companion SB 372 became law

Verdict: No flags

No flagsInitial review

Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade

Caption

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

Caption from analyzed text · version I.

Summary

“a person” becomes a list: individuals, corporations, trusts, partnerships and more.

The bill rewrites the Property Code definitions of "trustee" and "substitute trustee" in the foreclosure chapter. Instead of simply saying "a person," the definitions now list individuals, corporations, government bodies, trusts, partnerships, associations and other legal entities. Homeowners and lenders in non-judicial foreclosures are affected because it becomes clear that a company or other entity, not only a human being, can be appointed to carry out a foreclosure sale.

Labels

Labels: BACK FROM THE DEAD. Same text as a bill filed before that died: 88R HB 2565 (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.

Receipt

The receipt

89R-HB576 · 2024-11-12

SOLD BY

Rep. Matt ShaheenRHouse 66

ITEM

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

WHAT IT DOES

“a person” becomes a list: individuals, corporations, trusts, partnerships and more.

CHARGES

[ ] NONE FOUND

TOTAL

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version I · source

Sources

Fiscal note · version I · April 7, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

HISTORY

Nov 12, 2024Filed
Mar 3, 2025Read first time
Mar 3, 2025Referred to Trade, Workforce & Economic Development
Apr 9, 2025Scheduled for public hearing on . . .
Apr 9, 2025Considered in public hearing
Apr 9, 2025Testimony taken/registration(s) recorded in committee
Apr 9, 2025Left pending in committee
Apr 23, 2025Considered in public hearing
Apr 23, 2025Reported favorably w/o amendment(s)
Apr 29, 2025Comte report filed with Committee Coordinator
Apr 29, 2025Committee report distributed
Apr 29, 2025Committee report sent to Calendars
May 2, 2025Considered in Calendars
May 5, 2025Placed on General State Calendar
May 5, 2025Companion considered in lieu of SB 372
May 5, 2025Laid on the table subject to call

FILED UNDER

No verified beat found.

No flags

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

Matt Shaheen

Donors

Texas Conservative Majority PAC$402K Court Reform Action for Families Texas PAC$100K Texans for Lawsuit Reform PAC$86K

Not tied to this bill.

Sources

The author's campaign account only. Own money and internal transfers are separate on the member page.

Derived itemized flow · Oct 30, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Texas Conservative Majority PAC$401,656.00

Texas Conservative Majority PAC

$401,656.00

Cash: $60,000.00
Paid by others: $341,656.00
Total: $401,656.00

canvassing $317,206.00polling $24,450.00

Also funds 42 other sitting lawmakers.

Derived recipient stock · Jan 23, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Aug 25, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101069212, 101071870.

Court Reform Action for Families Texas PAC$100,000.00

Court Reform Action for Families Texas PAC

$100,000.00

Cash: $100,000.00
Paid by others: $0.00
Total: $100,000.00

Also funds 32 other sitting lawmakers.

Derived recipient stock · Feb 20, 2026 to Oct 14, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Sep 22, 2026 to Oct 10, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101069212, 101071870.

Texans for Lawsuit Reform PAC$85,700.00

Texans for Lawsuit Reform PAC

$85,700.00

Cash: $50,000.00
Paid by others: $35,700.00
Total: $85,700.00

advertising $20,000.00polling $15,700.00

Also funds 124 other sitting lawmakers.

Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Aug 11, 2025 to Sep 30, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101028938, 101069212, 101071870.

Money

Missing data does not establish zero giving. Display amounts are rounded.

Texas Conservative Majority PAC

$401,656.00

Cash: $60,000.00
Paid by others: $341,656.00
Total: $401,656.00

canvassing $317,206.00polling $24,450.00

Also funds 42 other sitting lawmakers.

Derived recipient stock · Jan 23, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Aug 25, 2026 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101069212, 101071870.

Court Reform Action for Families Texas PAC

$100,000.00

Cash: $100,000.00
Paid by others: $0.00
Total: $100,000.00

Also funds 32 other sitting lawmakers.

Derived recipient stock · Feb 20, 2026 to Oct 14, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Sep 22, 2026 to Oct 10, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101069212, 101071870.

Texans for Lawsuit Reform PAC

$85,700.00

Cash: $50,000.00
Paid by others: $35,700.00
Total: $85,700.00

advertising $20,000.00polling $15,700.00

Also funds 124 other sitting lawmakers.

Derived recipient stock · Jul 10, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Aug 11, 2025 to Sep 30, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 101028938, 101069212, 101071870.

Votes

No floor vote loaded for this bill.

Witnesses2

For: 2
Against: 0
On: 0

Names

For

Auction.com1 registration
Self1 registration

Sources

2 parsed registrations across the loaded witness lists.

Derived stock of witness registrations. Repeated appearances count separately. Organizations and self-representation appear as printed.

House witness list. Source snapshot 2026-10-20, Central time.

Fiscal

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version I · source

Sources

Fiscal note · version I · April 7, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

How this was graded

Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.

FILED BEFORE

Filed 2 times: 88R and 89R. Checked against 88R only.

88R HB 2565

by Rep. Shaheen, same lead author · Died in committee · same text

Introduced text

Last action, Mar 13, 2023: Referred to Business & Industry

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

Caption, 88R bill history

Sources

Texas House · Filed Nov 12, 2024

05/05/2025 H Laid on the table subject to call

Texas Legislature Online · Introduced · House Committee Report

Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.

House committee · Trade, Workforce & Economic Development · Committee vote 10 aye, 0 nay, 1 absent · Out of committee

Companion

SB 372 by Campbell (identical)

Subjects

Financial--General

Property Interests--Mortgages & Liens

Property Interests--Real Property

Text

The text as introduced · 209 words

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.