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

HB 576 amends Texas Property Code definitions to clarify who can serve as a substitute trustee or trustee under contract liens for real property. It expands the definition to include corporations, government entities, business trusts, and other legal organizations - replacing the previous vague reference to "a person." This change directly affects mortgage servicers, lenders, and foreclosure professionals who must now appoint these specified entities to exercise power of sale during foreclosure proceedings. The bill makes no new policy changes but standardizes existing foreclosure procedures by defining eligible appointees.