Tex. Prop. Code § 74.103 · Subchapter B. PROPERTY REPORT
RETENTION OF RECORDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A holder required to file a property report under Section 74.101 shall keep a record of:
(1) the name, the social security number, if known, and the last known address of each person who, from the records of the holder of the property, appears to be the owner of the property;
(2) the name and last known mailing or e-mail address of any representative for notice designated under Section 72.1021 or 73.103;
(3) a brief description of the property, including the identification number, if any; and
(4) the balance of each account, if appropriate.
(b) Without regard to whether the property is reported in the aggregate, the record must be kept for 10 years from the later of:
(1) the date on which the property is reportable; or
(2) the date the report is filed.
(c) The comptroller may by rule provide for a shorter period for keeping a record required by this section.
(d) The comptroller may determine the liability of a holder required to file a property report under Section 74.101 using the best information available to the comptroller if the records of the holder are unavailable or incomplete for any portion of the required retention period.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 230, Sec. 17, eff. Sept. 1, 1985. Amended by Acts 1997, 75th Leg., ch. 1037, Sec. 19, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 16.07, eff. Sept. 1, 1997; Acts 2003, 78th Leg., ch. 1310, Sec. 84, eff. Sept. 1, 2003.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 925 (H.B. 1454), Sec. 5, eff. September 1, 2017.
Acts 2019, 86th Leg., R.S., Ch. 897 (H.B. 3598), Sec. 3, eff. June 10, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.74.htm
- Text hash
- sha256 1ab5067e3790d53eba01f9ad325ef2cf826e31e79525677125c919cb87e9649b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Property Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.