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TX HB1043
Bill
Status
5/2/2025
Primary Sponsor
Salman Bhojani
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AI Summary
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Requires the General Land Office to conduct a study on establishing a distributed ledger (blockchain) based pilot program for recording property title transfers in Texas
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Mandates creation of a working group including representatives from counties, title insurance agents and companies, the banking industry, Texas Department of Insurance, Department of Information Resources, and the blockchain industry
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Pilot program study must include at least one rural and one urban county, compare costs of traditional recordation versus distributed ledger systems, and evaluate security, transparency, and complexity of both public and distributed ledger methods
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General Land Office must adopt rules to administer the study by October 1, 2025, and submit a report with findings and recommendations to the legislature by January 1, 2027
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Act takes effect September 1, 2025, and expires September 1, 2027
Legislative Description
Relating to a study by the General Land Office in partnership with a working group consisting of the Texas Department of Insurance, Department of Information Resources, and other entities on the establishment and implementation of a distributed ledger-based title registry pilot program.
Property Interests
Last Action
Left pending in committee
5/23/2025