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Senate Bill 289 |
Senate Author: Carona |
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Effective: 9-1-13 |
House Sponsor: Schaefer |
Senate Bill 289 repeals provisions of the Business & Commerce Code relating to the Texas Department of Licensing and Regulation's (TDLR) administrative enforcement of rental‑purchase agreement contracts that include a loss damage waiver, including provisions requiring TDLR to review contracts and requiring the Texas Commission of Licensing and Regulation to set a fee to be paid by a merchant for that review and for TDLR's administration of rental-purchase agreement provisions. The bill requires TDLR to return a prorated portion of the fee paid by a merchant under the repealed provisions and dismisses an administrative proceeding pending on the bill's effective date that is related to a complaint filed under the repealed provisions.