Relating to the persons authorized or appointed to exercise the power of sale under the terms of a contract lien on real property.

This bill updates Texas Property Code definitions to clarify who can be appointed to handle foreclosure sales under contract liens. It revises the definitions of "substitute trustee" and "trustee" to explicitly include corporations, government entities, and other legal organizations - not just individuals - as authorized parties. This affects mortgage lenders, servicers, and the entities they appoint when exercising the power of sale on real property. The change streamlines the process by expanding the pool of eligible appointees without altering foreclosure procedures themselves.