Texas HB402 prohibits certain foreign entities and individuals from purchasing real property in Texas.

Texas HB402 amends the Texas Civil Practice and Remedies Code and Property Code to restrict the purchase or acquisition of real property by certain foreign entities and individuals. Specifically, it prohibits governmental entities, companies, and individuals from designated countries from purchasing real property in Texas. Exceptions include U.S. citizens, lawful permanent residents, and real property intended for use as a residence homestead.

Texas HB402 prohibits certain foreign entities and individuals from purchasing real property in Texas.

Texas HB402 amends the Texas Civil Practice and Remedies Code and Property Code to restrict the purchase or acquisition of real property by certain foreign entities and individuals. Specifically, it prohibits governmental entities, companies, and individuals from designated countries from purchasing real property in Texas. Exceptions include U.S. citizens, lawful permanent residents, and real property intended for use as a residence homestead.