Bill Summary – FastDemocracy

   
      87(R) HB 3320 - Introduced version - Bill Text
      
            87R3889 NC-F
         
		By:  Landgraf
            H.B.  No.  3320
         
               A BILL TO BE ENTITLED
            
               AN ACT
            
            relating to the effect of recording a quitclaim deed.
         
                          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         
                          SECTION  1.    Chapter 13, Property Code, is amended by adding 
         
            Section 13.006 to read as follows:
         
                          Sec.  13.006.    EFFECT OF RECORDING QUITCLAIM DEED.  After the 
         
            fourth anniversary of the date a quitclaim deed for real property is 
         
            recorded in the deed records of the county in which the real 
         
            property is located, the quitclaim deed:
         
                                      (1)    does not affect the question of the good faith of a 
         
            subsequent purchaser or creditor; and
         
                                      (2)    is not notice to a subsequent purchaser or 
         
            creditor of any unrecorded conveyance of, transfer of, or 
         
            encumbrance on the real property.
         
                          SECTION  2.    The change in law made by this Act applies only 
         
            to a quitclaim deed recorded on or after the effective date of this 
         
            Act.  A quitclaim deed recorded before that date is governed by the 
         
            law in effect immediately before the effective date of this Act, and 
         
            that law is continued in effect for that purpose.
         
                          SECTION  3.    This Act takes effect September 1, 2021.



	A BILL TO BE ENTITLED
	AN ACT
	relating to the effect of recording a quitclaim deed.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Chapter 13, Property Code, is amended by adding
	Section 13.006 to read as follows:
	Sec. 13.006. EFFECT OF RECORDING QUITCLAIM DEED. After the
	fourth anniversary of the date a quitclaim deed for real property is
	recorded in the deed records of the county in which the real
	property is located, the quitclaim deed:
	(1) does not affect the question of the good faith of a
	subsequent purchaser or creditor; and
	(2) is not notice to a subsequent purchaser or
	creditor of any unrecorded conveyance of, transfer of, or
	encumbrance on the real property.
	SECTION 2. The change in law made by this Act applies only
	to a quitclaim deed recorded on or after the effective date of this
	Act. A quitclaim deed recorded before that date is governed by the
	law in effect immediately before the effective date of this Act, and
	that law is continued in effect for that purpose.
	SECTION 3. This Act takes effect September 1, 2021.