|
House Bill 3453 |
House Author: Anchia |
|
Effective: 9-1-11 |
Senate Sponsor: Eltife |
House Bill 3453 amends the Finance Code, Government Code, and Occupations Code to make changes in provisions relating to the regulatory authority of the consumer credit commissioner and to fees and interest charged in connection with consumer credit transactions.
House Bill 3453 amends the Finance Code to authorize the commissioner, to ensure enforcement of law and minimization of regulatory burdens, to share information, including criminal history or confidential information, relating to a license holder, registrant, applicant, or other person investigated or examined under the commissioner's authority with specified public entities under certain circumstances. The bill caps the ceiling on a retail charge agreement without a merchant discount at 21 percent and authorizes a retail charge agreement, rather than an agreement that implements the market competitive rate ceiling, to provide for the payment of charges, fees, court costs, and disbursements. The bill also specifies the information and documents associated with a retail seller of motor vehicles that are confidential and not subject to disclosure and lists circumstances under which the commissioner is authorized to disclose such information and documents. The bill authorizes the commissioner or the commissioner's representative to disclose whether a retail seller has filed written notice of an increased documentary fee and the proposed amount of the increased fee to certain applicable persons. The bill authorizes the commissioner to assess an administrative penalty against a person who violates a Tax Code provision relating to the transfer of a tax lien.
House Bill 3453 amends the Government Code to include the commissioner in a list of entities to whom a criminal justice agency is authorized to disclose criminal history record information that is the subject of an order of nondisclosure.
House Bill 3453 amends the Occupations Code to make provisions of law permitting the licensing of certain applicants with prior criminal convictions inapplicable to an applicant for a license that would allow the applicant to provide financial services in an industry regulated by the consumer credit commissioner.