Relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee.
This bill prohibits intentionally filing forged, false, or groundless financing statements related to business loans. It creates civil liability requiring violators to pay at least $10,000 (or actual damages, whichever is greater), plus legal fees and court costs. Debtors who believe a financing statement was improperly filed can now submit an affidavit with the state filing office to challenge it, following new notice procedures. The law takes effect September 1, 2025, directly affecting businesses and creditors involved in loan transactions.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2025
Senate Passage
Jun 2025
House Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Mar 11, 2025
Signed Jun 20, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Engrossed
→
Enrolled
·
3 edits
·
Jun 20, 2025
MINOR
The bill was converted from an 'Engrossed' version to an 'Enrolled' version, which is the final version signed into law. The substantive text of the legislation regarding fraudulent financing statements remained largely unchanged, though the formatting was standardized to remove line numbers and extra spacing. The bill establishes penalties for filing fraudulent financing statements and creates a process for debtors to challenge such filings.
Scope change
The bill's scope remains focused on regulating fraudulent financing statements under the Texas Business & Commerce Code, with no changes to its applicability or jurisdiction.
TECHNICAL
The document was reformatted from an Engrossed version to an Enrolled version, removing line numbers and inconsistent spacing while preserving the legislative text.
Minor formatting adjustments were made throughout the text, including standardizing section headers and removing draft annotations.
TIMELINE
The final version includes certification dates indicating the bill passed the Senate on May 8, 2025, and the House on May 28, 2025, with an effective date of September 1, 2025.
Floor votes · House May 28, 2025
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
55
Key actions
16
Committee
10
Amendments
6
Jun 20, 2025
Signed into law
Signed by the Governor
executive
Jun 2, 2025
Lower · Passed
Signed in the House
lower
Jun 1, 2025
Upper · Passed
Signed in the Senate
upper
May 31, 2025
Introduced
Senate concurs in House amendment(s)-reported
lower
May 30, 2025
Introduced
Senate concurs in House amendment(s)
upper
May 30, 2025
Introduced
House amendment(s) laid before the Senate
upper
May 28, 2025
Upper · Passed
House passage as amended reported
upper
May 28, 2025
Lower · Passed
Passed
lower
May 27, 2025
Lower · Passed
Passed to 3rd reading as amended
lower
May 27, 2025
Lower · Passed
Amended
lower
May 20, 2025
Lower · Passed
Committee report sent to Calendars
lower
May 19, 2025
Lower · Passed
Committee report distributed
lower
May 14, 2025
Lower · Passed
Reported favorably w/o amendment(s)
lower
May 10, 2025
Committee
Referred to Trade, Workforce & Economic Development
lower
May 10, 2025
Introduced
Read first time
lower
May 8, 2025
Introduced
Received from the Senate
lower
May 8, 2025
Upper · Passed
Passed
upper
May 5, 2025
Upper · Passed
Committee report printed and distributed
upper
May 5, 2025
Upper · Passed
Reported favorably as substituted
upper
May 1, 2025
Upper · Passed
Vote taken in committee
upper
Apr 15, 2025
Upper · Passed
Left pending in committee
upper
Apr 15, 2025
Upper · Passed
Testimony taken in committee
upper
Mar 25, 2025
Committee
Referred to Business & Commerce
upper
Mar 25, 2025
Introduced
Read first time
upper
2 primary · 0 co-sponsors
Sponsors
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