88R3062 ATP-D     By: Hinojosa H.B. No. 1056       A BILL TO BE ENTITLED   AN ACT   relating to the registration of financial institutions and   investment firms that lease residential real property.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter E, Chapter 92, Property Code, is   amended by adding Section 92.209 to read as follows:          Sec. 92.209.  REGISTRY OF CERTAIN LANDLORDS. (a) In this   section:                (1)  "Financial institution" has the meaning assigned   by Section 201.101, Finance Code.                (2)  "Investment firm" means a corporation or trust   engaged in the business of investing the pooled capital of   investors in financial securities.          (b)  A financial institution or investment firm that owns and   offers for lease a dwelling in this state must register with the   comptroller. The registration must contain the name of the   institution or firm, the number of dwellings owned in each county,   and any other information required by the comptroller by rule.          (c)  The comptroller shall compile and maintain the   information in a registry that is available in a searchable format   on its Internet website.          (d)  The comptroller may notify any appropriate regulatory   authority regarding a person's failure to register as required by   Subsection (b).          (e)  The comptroller shall adopt rules as necessary to   implement and administer this section, including rules   establishing deadlines for registration under this section.          SECTION 2.  This Act takes effect January 1, 2024.