Colony Ridge’s defense lawyer and a land developer lobbying group teamed up to draft legislation that would exempt Texas developments like Colony Ridge from certain consumer protection regulations, communications obtained exclusively by The Daily Wire reveal.
A House bill and its companion bill in the Senate would carve out an exemption in mortgage origination laws for Texas residential real estate developers, threatening to embolden developments like Colony Ridge that cater to illegal aliens and foreign nationals. The legislation has already passed through the House Committee on Pensions, Investments, and Financial Services but is still under consideration in the Senate’s Business and Commerce Committee.
Colony Ridge and the Texas Land Developers Association (TLDA) members that employ similar strategies are currently required to inform consumers that they can contact the…
