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House Bill 1859 |
House Author: Simmons |
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Effective: Vetoed |
Senate Sponsor: Taylor, Van |
House Bill 1859 amends the Business & Commerce Code to establish certain disclosure requirements for a merchant with regard to merchandise that is not displayed or offered to consumers primarily for lease under a rental-purchase agreement.
Governor's Reason for Veto: "House Bill 1859 overregulates both retailers and their customers. It would require retail stores to impose elaborate and duplicative paperwork on customers who are interested in rent-to-own agreements. The bill also favors some retailers over others. Its burdensome new requirements would apply only to stores that do not specialize in rent-to-own agreements."