89th Legislature, Regular Session
HB 1350
Relating to a restriction on total charges charged for extensions of consumer credit that a credit services organization obtains for a consumer or assists a consumer in obtaining.
Introduced
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- Passed House
- Passed Senate
- To Governor
- Became Law
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89R3558 MLH-F By: Turner H.B. No. 1350 A BILL TO BE ENTITLED AN ACT relating to a restriction on total charges charged for extensions of consumer credit that a credit services organization obtains for a consumer or assists a consumer in obtaining. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter D, Chapter 393, Finance Code, is amended by adding Section 393.308 to read as follows: Sec. 393.308. RESTRICTION ON CHARGES CHARGED IN CONNECTION WITH EXTENSIONS OF CONSUMER CREDIT. (a) For purposes of this section, the annual percentage rate of an extension of consumer