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House Bill 4416 |
House Author: Goldman |
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Effective: 9-1-23 |
Senate Sponsor: Kolkhorst |
House Bill 4416 amends the Occupations Code to revise statutory provisions relating to the regulation of auctioneering. Among other provisions, the bill transfers to the Texas Department of Licensing and Regulation (TDLR) regulatory authority currently granted to the executive director of TDLR, removes the requirement that an associate auctioneer be employed by a licensed auctioneer, requires an auctioneer providing services to do so pursuant to a written contract and provides for a written agreement containing an itemized inventory of property to be sold or offered for sale by the auctioneer, requires the Texas Commission of Licensing and Regulation to adopt practice standards, removes certain requirements with respect to management of the auctioneer education and recovery fund, and revises complaint and disciplinary procedures.