Enrolled Bill Summary

House Bill 2339	House Author:  Thompson, Senfronia
Effective:  9-1-17	Senate Sponsor:  Zaffirini

            House Bill 2339 amends the Finance Code to revise provisions relating to motor vehicle installment sales by providing for trade-in credit agreements to be offered in connection with certain motor vehicle retail installment contracts and under which a retail seller agrees to provide a specified amount as a motor vehicle trade-in credit. The bill exempts trade-in credit agreements from state law relating to unauthorized insurance and unauthorized and independently procured insurance premium tax.