All Roll Calls
Yes: 423 • No: 30
TexasSB 222189th Legislature Regular SessionSenateWALLET
Relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee.
Sponsored By: Stan Lambert, Tan Parker (Republican)
Signed by Governor
Business & Commerce--GeneralCivil Remedies & LiabilitiesCourts--DistrictFees & Other Nontax Revenue--StateFinancial--GeneralFRAUDSECRETARY OF STATE
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Higher damages for fraudulent filing victims
Beginning September 1, 2025, Texas raises the minimum damages for fraudulent financing statements from $5,000 to $10,000. The filer must knowingly or intentionally submit a statement they know is forged, materially false, or groundless. Anyone injured can recover $10,000 or actual damages, whichever is greater, plus court costs and reasonable attorney’s fees. This expands recovery beyond the property owner to anyone injured. Property owners can also seek court-ordered release; service by newspaper publication is available for untraceable or fictitious filers. Violators also face possible criminal prosecution.
Debtors get removal process with fees
Beginning September 1, 2025, named debtors can file a sworn statement to end an unauthorized or fraudulent financing statement. They must send each listed secured party the required notice and filing copy by certified mail, return receipt requested. Notice must be sent 5 to 30 days before filing the sworn statement, with proof submitted to the filing office. The office must reject incomplete submissions; after acceptance, it promptly files a termination effective on day 30 after filing. A secured party can request an expedited court decision within 90 days after the termination is filed. Debtors must pay an administrative cost-recovery fee; the law sets no dollar amount. The original financing statement’s filing fee is not refundable, even if that statement is reinstated.
Lender protections limit debtors’ filing challenges
Beginning September 1, 2025, the sworn-statement removal process cannot end filings made by or for regulated lenders. These include banks, credit unions, and other qualifying lenders regulated when the financing statement was filed. A lender’s notice of qualifying status within 90 days after termination filing immediately cancels the termination and restores the filing. Courts can also suspend or reverse improper terminations; restored filings retain their priority except against purchasers who relied on termination. If a restored filing would have expired during termination, the secured party has 30 days after restoration to continue it. That continuation counts as timely under the normal six-month window before the applicable five-year or 30-year term expires.
Sponsors & Cosponsors
Sponsors
Stan Lambert
House
Tan Parker
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 5/30/2025
Record vote
Yes: 31 • No: 0
House vote • 5/28/2025
Record vote
Yes: 130 • No: 5
House vote • 5/27/2025
Record vote
Yes: 113 • No: 25
House vote • 5/27/2025
Record vote
Yes: 129 • No: 0
Senate vote • 5/8/2025
Record vote
Yes: 0 • No: 0
Senate vote • 5/8/2025
Record vote
Yes: 0 • No: 0
House vote • Unknown
Committee vote: Trade, Workforce & Economic Development
Yes: 9 • No: 0
Senate vote • Unknown
Committee vote: Business & Commerce
Yes: 11 • No: 0
Actions Timeline
Effective on 9/1/25
6/20/2025HouseSigned by the Governor
6/20/2025HouseSent to the Governor
6/2/2025HouseSigned in the House
6/2/2025HouseSigned in the Senate
6/1/2025SenateReported enrolled
5/31/2025SenateSenate concurs in House amendment(s)-reported
5/31/2025HouseRecord vote
5/30/2025SenateSenate concurs in House amendment(s)
5/30/2025SenateRead
5/30/2025SenateHouse amendment(s) laid before the Senate
5/30/2025SenateHouse passage as amended reported
5/28/2025SenateStatement(s) of vote recorded in Journal
5/28/2025HouseRecord vote (RV#3939)
5/28/2025HousePassed
5/28/2025HouseLaid out as postponed business
5/28/2025HouseStatement(s) of vote recorded in Journal
5/27/2025HouseRecord vote (RV#3681)
5/27/2025HousePostponed (5/28/25 10:00 AM)
5/27/2025HouseRead 3rd time
5/27/2025HousePassed to 3rd reading as amended
5/27/2025HouseRecord vote (RV#3639)
5/27/2025HouseAmended (1-Lambert)
5/27/2025HouseRead 2nd time
5/27/2025HousePlaced on General State Calendar
5/24/2025House
Bill Text
Engrossed
Enrolled
House Committee Report
Introduced
Senate Committee Report
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