By: West S.B. No. 2245     (Canales)           A BILL TO BE ENTITLED   AN ACT   relating to procedures for the issuance of a bonded title for a   motor vehicle.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 501.053, Transportation Code, is amended   by amending Subsections (a) and (c) and adding Subsections (b-1)   and (b-2) to read as follows:          (a)  As an alternative to the procedure provided by Section   501.052, the person may obtain a title by filing a bond with the   department if the vehicle is in the possession of the applicant and:                (1)  there is no security interest on the vehicle;                (2)  any lien on the vehicle is at least 10 years old;   [or]                (3)  the person provides a release of all liens less   than 10 years old; or                (4)  the lienholder of any lien less than 10 years old   has gone out of business, the security interest on the vehicle was   not transferred to or otherwise acquired by another person, and the   applicant provides sufficient evidence of those facts in the form   and manner prescribed by department rule [with bond].          (b-1)  On receipt of a bond filing under this section, the   department shall notify any recorded owner or lienholder of the   vehicle of the bond filing.          (b-2)  If a person who files a bond under this section does   not hold a general distinguishing number issued under Subchapter B,   Chapter 503, the department:                (1)  may only issue title on or after the 30th day after   the date on which the person submits an application for title under   Section 501.023; and                (2)  may not issue title if any recorded owner or   lienholder with an interest in the vehicle objects to the issuance   of the title.          (c)  An interested person has a right of action to recover on   the bond for a breach of the bond's condition.  The aggregate   liability of the surety to all persons may not exceed the amount of   the bond.  Failure to object to the issuance of title under   Subsection (b-2)(2) does not waive the right of an interested   person to bring an action to recover on the bond filed under this   section.          SECTION 2.  The changes in law made by this Act apply only to   a bond for a motor vehicle title that is filed on or after the   effective date of this Act.          SECTION 3.  This Act takes effect September 1, 2025.