Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 2968 establishes a registration requirement for corporate entities that own multiple single-family rental properties. It requires corporate owners to register with the Secretary of State, providing details such as the number of properties owned and the location of their headquarters. The bill mandates an annual public report on corporate property ownership trends and allows county clerks to refuse property transfers if corporate owners fail to register. Violators face a $500 per day penalty, and enforcement authority is granted to the Texas Attorney General.
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