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Texas Legislation

Results of the 86th Texas Legislative Session

The 86th Texas Legislative Session is over. Thanks to all the advocates in helping to push bills forward that increased financial capability for all Texans and fought against legislation that negatively impacted consumer protections or the financial stability for families. We were thrilled to see the following bills pass into law this session:

HB 53  Reps. Minjarez, Miller, Clardy
Relating to the transitional living services program for certain youth in foster care.
Signed by the Governor on 6/10/2019 and went into effect on 9/1/2019.

HB 996 Rep. Collier

Relating to the collection of consumer debt by debt buyers.
Signed by the Governor on 6/14/2019 and went into effect on 9/1/2019.

HB 1442 Paddie et al
Relating to the continuation and functions of the Office of Consumer Credit Commissioner, the licensing and registration of persons regulated by that state agency, and certain consumer financial transactions regulated by that state agency.
Signed by the Governor on 6/10/2019 and went into effect on 9/1/2019.

HB 1483 Frank et al
Relating to a pilot program for assisting certain recipients of public benefits to gain permanent self-sufficiency.
Signed byt the Governor on 5/27/2019 and effective immediately.

HB 2524 Anderson
Substaintially limits the ability of rent-to-own businesses to pursue criminal theft of service charges, significantly improving existing law. 
Signed by the Governor on 6/14/2019 and went into effect on 9/1/2019.

HB 2697 Meyer
Addressed the problem of "coerced debt" by expanding the definition of identity theft in Texas to include debt incurred through coercion in an abusive relationship.
Signed by the Governor on 5/31/2019 and went into effect on 9/1/2019.

SB 37 Rep. Zaffirini
Relating to the abolition of student loan default or breach of a student loan repayment or scholarship contract as a ground for nonrenewal or other disciplinary action in relation to a professional or occupational license.
Signed by the Governor on 6/7/2019 and effective immediately.

2017 Texas Legislative Session Recap

Bills Approved By The 85th Texas Legislature

SIGNED BY GOVERNOR

SB 377 Sen. Perry

Related to the Texas Achieving a Better Life Experience (ABLE) Program. 
05/29/2017 Signed by the Governor and effective immediately

HB 2008 
Rep. Cosper
Relating to deferred presentment transactions made to military borrowers. 
06/15/2017 Signed by the Governor and will go into effect on 9/1/2017

SIGNED BY GOVERNOR & NEEDED VOTER APPROVAL

HB 471
 Rep. E. Johnson 
Relating to authorizing a credit union or other financial institution to conduct savings promotion raffles. 
06/15/2017 Signed by the Governor and became effective on the adoption of constitutional amendment Proposition 7 on November 7, 2017 (HJR 37)

HJR 37 Rep. E. Johnson 
Proposing a constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.
11/7/2017 Passed as a constitutional amendment as Proposition 7 on November 7, 2017.