Relating to authority process of a recorded lien.

SB 3019 requires the Texas Finance Commission to establish standardized rules for tax lien transfers. It mandates that transferees (like new lien holders) provide property owners with clear disclosure statements before transferring a lien, including details on potential fees and costs. The bill also sets a 7-business-day deadline for lenders to provide payoff statements upon request and defines reasonable fees for lien transfers. This directly affects property owners, lenders with existing liens, and entities handling lien transfers by increasing transparency in the process.