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House Bill 4316 |
House Author: Goldman |
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Effective: 9-1-23 |
Senate Sponsor: Zaffirini |
House Bill 4316 amends the Service Contract Regulatory Act, Occupations Code, to make the following information submitted to or maintained by the Texas Department of Licensing and Regulation (TDLR) under the act confidential and not subject to disclosure under state public information law: the financial condition of an applicant for a service contract provider or administrator license or a seller, provider, or administrator of a service contract; the identity or number of service contract holders; or documents that are claimed, in a manner determined by TDLR, proprietary or confidential for competitive purposes. Moreover, with respect to the act in effect before the transfer of the residential service contract program from the Texas Real Estate Commission to TDLR, the bill clarifies that any information designated as confidential for competitive purposes under the former act by an applicant for a service contract provider or administrator license, or a seller, provider, or administrator of a service contract before September 1, 2023, is also confidential and not subject to disclosure under state public information law. TDLR may withhold the applicable submitted, maintained, or designated information without requesting a decision from the attorney general.
House Bill 4316 also revises the calculations for the amounts required to be maintained in a service contract provider's funded reserve account and funded reserves.