Legislative Watch

The International Association of Field Service Technicians (IAFST) is committed to tracking state and federal legislation which may have an impact on the Mortgage Field Services Industry. Generally speaking, we will issue a SUPPORT or OBJECT at the beginning of the curation of Bills which are introduced as we identify them. On some occasions, we will simply issue INFORMATIONAL. In accordance with the IAFST Bylaws, we rarely are actively involved in the financial lobbying of the Bills; however, upon Official Resolutions, and in accordance with our IRS 501(c)(6) status, we are not precluded from such. Our information is obtained from a plethora of entities including, but not limited to:  BillTrack50, the National Conference of State Legislatures (NCSL), and other entities. If you find an error, an update missing, or perhaps we have missed an important Bill, feel free to reach out direct to us.

 

SUPPORT

S.3502

Homebuyers Privacy Protection Act
118th Congress (2023-2024)

Purpose: To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

 

INFORMATIONAL

TX HB2127

Relating to state preemption of and the effect of certain state or federal law on certain municipal and county regulation.

Introduced: 02/09/2023
In Committee: 05/05/2023
Crossed Over: 05/20/2023
Passed: 2023-06-14 – Effective on 9/1/23
Dead: N/A

Introduced Session:  88th Legislature Regular Session

Bill Summary:  Relating to state preemption of and the effect of certain state or federal law on certain municipal and county regulation.

Subject:  City Government City Government–General Civil Remedies & Liabilities County Government County Government–General Occupational Regulation Occupational Regulation–Other Trades & Professions TEXAS REGULATORY CONSISTENCY ACT

Last Action:  Sent to the Governor (on 05/24/2023)

Official Document:  https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HB2127

IMPACT

May have tendency to upend the regulatory scheme of the registration of vacant or foreclosed properties normally recorded by the municipal and county governments in the State of Texas. The Texas Legislature uses biennial sessions which means they meet once every odd-numbered years, for 140 days. The Texas Legislature meets in regular session on the second Tuesday in January of each odd-numbered year. The Texas Constitution limits the regular session to 140 calendar days.

ACTION TAKEN

IAFST reached out to Jill Turetsky, Director of Senate Media Services, Texas State Senate, for clarification of authority and registration.