No price, no recording. The attorney general can sue.
The bill bars anyone from recording a deed or other transfer of commercial or industrial real property sold under a contract unless the document states the sales price. It touches buyers and sellers of commercial and industrial property, county clerks, and the attorney general and local prosecutors, who can sue to collect the penalty. Starting September 1, 2025, a buyer whose transfer is recorded without the price owes the state a civil penalty equal to five percent of the sales price, though transfers of only mineral interests are exempt.
Labels
Labels: ZOMBIE BILL. Died 2 times: 88R HB 234 (Died in committee) and this bill (Died in committee). Checked against 88R only.DO-OVER. Reworked text of a bill filed before that died: 88R HB 234 (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 Nov 12, 2024 and referred to the House Trade, Workforce & Economic Development committee. No public hearing. The bill died.
relating to mandatory sales price disclosure in commercial and
industrial real property sales; providing a civil penalty.
WHAT IT DOES
No price, no recording. The attorney general can sue.
The bill bars anyone from recording a deed or other transfer of commercial or industrial real property sold under a contract unless the document states the sales price. It touches buyers and sellers of commercial and industrial property, county clerks, and the attorney general and local prosecutors, who can sue to collect the penalty. Starting September 1, 2025, a buyer whose transfer is recorded without the price owes the state a civil penalty equal to five percent of the sales price, though transfers of only mineral interests are exempt.
CHARGES
[ ] NONE FOUND
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 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
House committee · Trade, Workforce & Economic Development · Final status: Died in committee
Subjects
County Government--General
Courts--Prosecuting Attorneys
Economic & Industrial Development--General
Property Interests--Real Property
ATTORNEY GENERAL
Text
The text as introduced · 208 words
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
contract for sale unless the instrument discloses the sales price
of the property.
(b) The purchaser of any property for which an instrument is
recorded in violation of Subsection (a) is liable to the state for a
civil penalty for each violation in an amount equal to five percent
of the sales price of the property.
(c) The attorney general or the county or district attorney
for the county in which the property is located may bring suit to
recover a penalty under this section.
(d) This section does not apply to an instrument conveying
only a mineral interest in real property.
SECTION 2. This Act takes effect September 1, 2025.