SB2221

Signed by Governor
Authored by Tan Parker (R)
View at Source

Caption: Relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee.
Initially Referred to Senate Business & Commerce Committee, chaired by a Republican
Last Referred to House Trade, Workforce & Economic Development Committee, chaired by a Republican
SB 2221 proposes amendments to Section 9.5185 of the Texas Business & Commerce Code to address fraudulent financing statements in secured transactions. The bill increases financial penalties for knowingly filing false or groundless financing statements, raising the potential damages to $10,000 or actual damages, whichever is greater. It also allows injured parties to seek court-ordered relief, including the removal of fraudulent filings. The bill provides mechanisms for debtors to challenge fraudulent financing statements through affidavits and outlines the responsibilities of the Secretary of State's office in processing such claims. Additionally, it establishes a process for terminating fraudulent filings and allows secured parties to challenge terminations through expedited court proceedings. The legislation also mandates a filing fee for processing affidavits and limits liability for filing office employees acting in accordance with the law.

Sponsors: Lambert (R)

Mar 11, 2025


(S) Parker signed onto the bill as Author
(S) Received by the Secretary of the Senate
(S) Filed
 

Mar 25, 2025


(S) Read first time
(S) Referred to the Senate Business & Commerce, chaired by a Republican
 

Apr 15, 2025


(S) Scheduled for public hearing on . . .
(S) Considered in public hearing
(S) Testimony taken in committee
(S) Left pending in committee
 

May 1, 2025


(S) Considered in public hearing
(S) Vote taken in committee
 

May 5, 2025


(S) Reported favorably as substituted
(S) Recommended for local & uncontested calendar
(S) Committee report printed and distributed
 

May 7, 2025


(S) Placed on intent calendar
 

May 8, 2025


(S) Rules suspended-Regular order of business
(S) Read 2nd time & passed to engrossment

20250508_SB2221_E: Yea 31 (R 20, D 11) - Nay 0 (R 0, D 0)

Yea - A. Hinojosa; Alvarado; Bettencourt; Birdwell; Blanco; Campbell; Cook; Creighton; Eckhardt; Flores; Gutierrez; Hagenbuch; Hall; Hancock; Huffman; Hughes; J. Hinojosa; Johnson; King; Kolkhorst; Menendez; Middleton; Miles; Nichols; Parker; Paxton; Perry; Schwertner; Sparks; West; Zaffirini

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(S) Vote recorded in Journal
(S) Three day rule suspended
(S) Record vote
(S) Read 3rd time
(S) Passed

20250508_SB2221_3R: Yea 31 (R 20, D 11) - Nay 0 (R 0, D 0)

Yea - A. Hinojosa; Alvarado; Bettencourt; Birdwell; Blanco; Campbell; Cook; Creighton; Eckhardt; Flores; Gutierrez; Hagenbuch; Hall; Hancock; Huffman; Hughes; J. Hinojosa; Johnson; King; Kolkhorst; Menendez; Middleton; Miles; Nichols; Parker; Paxton; Perry; Schwertner; Sparks; West; Zaffirini

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(S) Record vote
(S) Reported engrossed
(H) Received from the Senate
 

May 10, 2025


(H) Read first time
(H) Referred to the House Trade, Workforce & Economic Development, chaired by a Republican
 

May 14, 2025


(H) Considered in public hearing
(H) Reported favorably w/o amendment(s)
 

May 19, 2025


(H) Comte report filed with Committee Coordinator
(H) Committee report distributed
 

May 20, 2025


(H) Committee report sent to Calendars
 

May 22, 2025


(H) Considered in Calendars
 

May 24, 2025


(H) Placed on General State Calendar
 

May 26, 2025


(H) Read 2nd time
(H) A Republican amendment (No. 1) from Lambert amended the bill.
(H) Passed to 3rd reading as amended
(H) Record vote

RV#3639: Yea 129 (R 77, D 52) - Nay 0 (R 0, D 0)
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Yea - Alders; Allen; Anchia; Ashby; Barry; Bell, C.; Bell, K.; Bernal; Bhojani; Bonnen; Bryant; Buckley; Bucy; Bumgarner; Button; Cain; Canales; Capriglione; Cole; Collier; Cook; Cortez; Craddick; Cunningham; Curry; Darby; Davis, A.; Dean; DeAyala; Dorazio; Dutton; Dyson; Fairly; Flores; Frank; Gamez; Garcia Hernandez; Garcia, L.; Gates; Geren; Gervin-Hawkins; Gonzalez, J.; Goodwin; Guerra; Guillen; Harless; Harris; Harris Davila; Harrison; Hefner; Hernandez; Hickland; Hinojosa; Holt; Hopper; Howard; Hunter; Johnson; Jones, J.; Kerwin; Kitzman; LaHood; Lalani; Lambert; Landgraf; Leach; Little; Lopez, J.; Louderback; Lowe; Luther; Manuel; Martinez; McLaughlin; McQueeney; Metcalf; Meyer; Meza; Money; Moody; Morales, C.; Morales, E.; Morales Shaw; Morgan; Munoz; Noble; Olcott; Ordaz; Orr; Patterson; Paul; Perez, M.; Perez, V.; Phelan; Pierson; Plesa; Raymond; Richardson; Rodriguez Ramos; Romero; Rose; Rosenthal; Schatzline; Schofield; Schoolcraft; Shaheen; Shofner; Simmons; Slawson; Smithee; Spiller; Swanson; Talarico; Tepper; Thompson; Tinderholt; Toth; Troxclair; Turner; VanDeaver; Vasut; Villalobos; Vo; Walle; Ward Johnson; Wharton; Wilson; Wu; Zwiener

Absent - Campos; Davis, Y.; Garcia, J.; Gerdes; Gonzalez, M.; Hayes; Hull; Isaac; Jones, V.; King; Leo Wilson; Longoria; Lopez, R.; Lozano; Lujan; Martinez Fischer; Oliverson; Reynolds; Virdell

Present, Not Voting - Burrows

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May 27, 2025


(H) Read 3rd time
(H) Postponed
(H) Record vote

RV#3681: Yea 113 (R 82, D 31) - Nay 25 (R 1, D 24)
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Yea - Alders; Anchia; Ashby; Barry; Bell, C.; Bell, K.; Bhojani; Bonnen; Buckley; Bumgarner; Button; Cain; Capriglione; Cole; Collier; Cook; Cortez; Craddick; Cunningham; Curry; Darby; Davis, A.; Dean; DeAyala; Dorazio; Dyson; Fairly; Frank; Gamez; Garcia Hernandez; Gates; Gerdes; Geren; Guerra; Harless; Harris; Harris Davila; Harrison; Hayes; Hefner; Hernandez; Hickland; Hinojosa; Holt; Hopper; Howard; Hull; Hunter; Johnson; Kerwin; King; Kitzman; LaHood; Lalani; Lambert; Landgraf; Leach; Leo Wilson; Little; Longoria; Lopez, J.; Lopez, R.; Louderback; Lowe; Lozano; Lujan; Luther; Manuel; Martinez; Martinez Fischer; McLaughlin; McQueeney; Metcalf; Meyer; Money; Morales, E.; Morgan; Munoz; Noble; Olcott; Oliverson; Ordaz; Orr; Patterson; Paul; Perez, M.; Phelan; Pierson; Raymond; Richardson; Romero; Rosenthal; Schatzline; Schofield; Schoolcraft; Shaheen; Shofner; Slawson; Smithee; Spiller; Tepper; Thompson; Tinderholt; Toth; Troxclair; Turner; VanDeaver; Villalobos; Walle; Wharton; Wilson; Wu; Zwiener

Nay - Allen; Bryant; Bucy; Davis, Y.; Dutton; Flores; Garcia, J.; Garcia, L.; Gervin-Hawkins; Gonzalez, J.; Gonzalez, M.; Goodwin; Guillen; Jones, J.; Jones, V.; Meza; Moody; Morales, C.; Morales Shaw; Perez, V.; Reynolds; Rodriguez Ramos; Rose; Talarico; Ward Johnson

Absent - Bernal; Campos; Isaac; Plesa; Simmons; Swanson; Virdell

Present, Not Voting - Burrows; Vasut

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May 28, 2025


(H) Laid out as postponed business
(H) Passed

RV#3939: Yea 130 (R 81, D 49) - Nay 5 (R 0, D 5)
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Yea - Alders; Ashby; Barry; Bell, C.; Bell, K.; Bernal; Bhojani; Bonnen; Bowers; Bryant; Buckley; Bucy; Bumgarner; Cain; Campos; Capriglione; Cole; Collier; Cook; Cortez; Craddick; Cunningham; Curry; Darby; Davis, A.; Davis, Y.; Dean; Dorazio; Dutton; Dyson; Fairly; Frank; Gamez; Garcia Hernandez; Garcia, J.; Garcia, L.; Gates; Gerdes; Geren; Gervin-Hawkins; Goodwin; Guillen; Harless; Harris Davila; Harrison; Hayes; Hefner; Hernandez; Hickland; Holt; Hopper; Howard; Hull; Hunter; Johnson; Jones, J.; Jones, V.; King; Kitzman; LaHood; Lalani; Lambert; Landgraf; Leach; Leo Wilson; Little; Lopez, J.; Lopez, R.; Louderback; Lowe; Lozano; Lujan; Luther; Manuel; Martinez; Martinez Fischer; McLaughlin; McQueeney; Metcalf; Meyer; Meza; Money; Morales, C.; Morales, E.; Morales Shaw; Morgan; Munoz; Noble; Olcott; Oliverson; Ordaz; Patterson; Paul; Perez, V.; Phelan; Pierson; Plesa; Raymond; Reynolds; Richardson; Rodriguez Ramos; Romero; Rosenthal; Schatzline; Schofield; Schoolcraft; Shaheen; Shofner; Simmons; Slawson; Smithee; Spiller; Swanson; Tepper; Thompson; Tinderholt; Toth; Troxclair; Turner; VanDeaver; Vasut; Villalobos; Virdell; Vo; Walle; Ward Johnson; Wharton; Wilson; Wu; Zwiener

Nay - Flores; Gonzalez, J.; Gonzalez, M.; Moody; Rose

Absent - Button; Canales; DeAyala; Isaac; Orr

Present, Not Voting - Burrows

Please note: the following statements by legislators do not affect the vote count that was recorded.

Mano DeAyala: "When Record No. 3939 was taken, I was in the house but away from my desk. I would have voted yes." (view other statements of vote for this Rep)

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(S) House passage as amended reported
 

May 30, 2025


(S) House amendment(s) laid before the Senate
(S) Read
(S) Senate concurs in House amendment(s)
(S) Record vote
 

May 31, 2025


(H) Senate concurs in House amendment(s)-reported
(S) Reported enrolled
 

Jun 1, 2025


(S) Signed in the Senate
 

Jun 2, 2025


(H) Signed in the House
(E) Sent to the Governor
 


(S) Lambert signed onto the bill as Sponsor

Lobbying Against/For/On This Bill

For

(Tue 4/15/2025) Testifying before S Business & Commerce as Ryan Fowler for GM Financial
(Tue 4/15/2025) Registering before S Business & Commerce as Byron Campbell for Alliance for Automotive Innovation
(Tue 4/15/2025) Registering before S Business & Commerce as Cathy DeWitt for General Motors
(Tue 4/15/2025) Registering before S Business & Commerce as Celeste Embrey for Texas Bankers Association
(Tue 4/15/2025) Registering before S Business & Commerce as John Montford for self (with General Motors)
(Tue 4/15/2025) Registering before S Business & Commerce as Kyle Bush for Texas Association of Manufacturers (TAM)
(Tue 4/15/2025) Registering before S Business & Commerce as Megan Mauro for Texas Association of Business
 

On

(Tue 4/15/2025) Registering before S Business & Commerce as David Eskew for Texas Secretary of State



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