The Texas Legislature recently closed their biannual regular session. Black, Mann & Graham L.L.P. monitored the legislative session and has identified several passed bills that we interpreted as noteworthy to Texas residential mortgage lenders and mortgage brokers. Summaries of these bills are listed below with the full text of each bill in an appendix to this memo. Finally, the Legislature is currently in a special session called by the Governor to attempt to pass legislation to reduce property taxes. If noteworthy legislation is passed during this special session or a subsequent special session, then we will issue a supplement to this memo.