Texas legislation · 89th Legislature Regular Session
Texas SB2221: Relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee.
Status: Signed into law, June 20, 2025
What the bill says
An act relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee.
From the enrolled text, May 31, 2025:
AN ACT relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 9.5185, Business & Commerce Code, is amended to read as follows: Sec. 9.5185. FRAUDULENT FILING. (a) A person may not intentionally or knowingly present for filing or cause to be presented for filing a financing statement that the person (2) contains a material false statement; or (3) is groundless. (b) A person who violates Subsection (a) is liable to[ADDED: a ] [ADDED: person injured by the violation][[DELETED: the owner of property covered by ] [DELETED: the financing statement]] for: (1) the greater of[ADDED: $10,000][[DELETED: $5,000]] or the [[DELETED: owner's]] actual damages[ (2) court costs; and (3) reasonable attorney's fees. (c) A person who violates Subsection (a) also may be prosecuted under Section 37.101, Penal Code. (d) An owner of property covered by a fraudulent financing statement described in Subsection (a) also may file suit in a court of suitable jurisdiction requesting specific relief, including, but not limited to, release of the fraudulent financing statement. A successful plaintiff is entitled to reasonable attorney's fees and costs of court assessed against the person who filed the fraudulent financing statement. If the person who filed the …
Sponsors
- Tan Parker (R) · primary sponsor
- Stan Lambert (R, HD-071)
Latest actions
- : Effective on 9/1/25
- : Signed by the Governor
- : Sent to the Governor
- : Signed in the House
- : Signed in the Senate
- : Reported enrolled
- : Senate concurs in House amendment(s)-reported
- : Record vote
- : Senate concurs in House amendment(s)
- : Read
Votes
- Trade, Workforce & Economic Development Committee Vote (Out of committee): 9 yea, 0 nay, passed
- Business & Commerce Committee Vote (Out of committee): 11 yea, 0 nay, passed
- Senate concurs in House amendment(s) (May 30, 2025): 31 yea, 0 nay, passed
- Record vote RV#3939 (May 28, 2025): 130 yea, 5 nay, passed
- Record vote RV#3681 (May 27, 2025): 113 yea, 25 nay, passed
- Record vote RV#3639 (May 27, 2025): 129 yea, 0 nay, passed
Subjects: Business & Commerce--General, Civil Remedies & Liabilities, SECRETARY OF STATE, Financial--General, Courts--District, FRAUD, Fees & Other Nontax Revenue--State
Common questions
- What is SB2221?
- SB2221 is a bill in the Texas Legislature (89th Legislature Regular Session): Relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee.
- What does SB2221 do?
- In its own words: An act relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee.
- What is the status of SB2221?
- Signed into law as of June 20, 2025. Latest action: Effective on 9/1/25 (June 20, 2025).
- Who sponsored SB2221?
- Tan Parker (R), with 1 co-sponsor.
- Where is the official record for SB2221?
- On the Texas Legislature website: https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB02221
Source: official Texas record. Tracked by Delilah, AI for legislation across all 50 states and Congress.