HB 2968

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
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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