Texas HB1043 mandates a study by the General Land Office on implementing a distributed ledger-based title registry pilot program.

HB1043 requires the General Land Office to conduct a study on establishing and implementing a distributed ledger-based title registry pilot program. The study must include at least two counties, one rural and one urban, to assess the program's impact. The pilot program should incorporate property lien recording, partner with a software company for seamless integration, and consider transparency and regulation issues. The study will also evaluate costs, data migration needs, and the potential for expanding the program.

Texas HB1043 mandates a study by the General Land Office on implementing a distributed ledger-based title registry pilot program.

HB1043 requires the General Land Office to conduct a study on establishing and implementing a distributed ledger-based title registry pilot program. The study must include at least two counties, one rural and one urban, to assess the program's impact. The pilot program should incorporate property lien recording, partner with a software company for seamless integration, and consider transparency and regulation issues. The study will also evaluate costs, data migration needs, and the potential for expanding the program.