Stan Lambert, Texas State Representative of the 71st district (R) | https://www.facebook.com/RepStanLambert
Stan Lambert, Texas State Representative of the 71st district (R) | https://www.facebook.com/RepStanLambert
More specifically, the official text was summarized by the state legislature as ’’Relating to the filing of a fraudulent financing statement in relation to certain secured transactions; authorizing the imposition of a fee’’.
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
This bill amends the Business & Commerce Code to address the filing of fraudulent financing statements in secured transactions, authorizing penalties and setting specific procedures for remediation. It prohibits knowingly filing or causing a fraudulent financing statement to be filed, including documents that are forged, materially false, or groundless. Violators face liability for the greater of $10,000 or actual damages, plus court costs and attorney's fees. Property owners affected by such filings may seek relief through the courts. The bill outlines the process for filing affidavits to contest impermissible statements, and procedures for termination statements, notification, and potential court actions to determine the validity of claims. The bill requires the collection of fees to cover administrative costs and excludes affidavits against filings by regulated lending institutions. It takes effect Sept. 1, 2025.
Stan Lambert, chair of the House Committee on Pensions, Investments & Financial Services and member of the House Committee on Higher Education, proposed another five bills during the 89(R) legislative session.
Lambert graduated from Abilene Christian University in 1975 with a BS.
Stan Lambert is currently serving in the Texas State House, representing the state's 71st House district. He replaced previous state representative Susan King in 2017.
Bills in Texas go through a multi-step legislative process, including committee review, debates, and votes in both chambers before reaching a final decision. Each session, there are typically thousands of bills introduced, but only a portion successfully navigate the process to become law.
You can read more about the bills and other measures here.
| Bill Number | Date Introduced | Short Description |
|---|---|---|
| HB 5412 | 04/07/2025 | Relating to the determination of whether a person is intoxicated for purposes of the Texas Workers' Compensation Act |
| HB 5007 | 04/03/2025 | Relating to the establishment of the Texas Committee on Foreign Investment to review certain transactions involving certain foreign entities; creating a civil penalty |
| HB 3952 | 03/27/2025 | Relating to the exemption of motor vehicles transferred from a decedent's estate |
| HB 2931 | 03/19/2025 | Relating to an exception to the renewal requirement for agricultural and timber tax exemption registration numbers issued to or held by persons who are at least 65 years of age |
| HB 2199 | 03/14/2025 | Relating to enrollment-based funding for the special education allotment under the Foundation School Program |
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