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Texas Business & Commerce Code

§ 22.004 — INFORMATION FROM WINNING BIDDER

BC § 22.004Title 2. COMPETITION AND TRADE PRACTICES · Ch. 22. PUBLIC SALE OF RESIDENTIAL REAL PROPERTY UNDER POWER OF SALE

Statute text

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(a)A winning bidder at a sale, other than the foreclosing mortgagee or mortgage servicer, shall provide the following information to the trustee or substitute trustee at the time the trustee or substitute trustee completes the sale:
(1)the name, address, telephone number, and e-mail address of the bidder and of each individual tendering or who will tender the sale price for the winning bid;
(2)if the bidder is acting on behalf of another individual or organization, the name, address, telephone number, and e-mail address of the individual or organization and the name of a contact person for the organization;
(3)the name and address of any person to be identified as the grantee in a trustee's or substitute trustee's deed;
(4)the purchaser's tax identification number;
(5)a government-issued photo identification to confirm the identity of each individual tendering funds for the winning bid; and

Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 1012 (H.B. 1470), Sec. 1, eff. September 1, 2017.

Source: Texas Business & Commerce Code § 22.004 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.