By: Uher H.B. No. 1694 73R5745 LJR-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to compensation allowed for services performed by a credit 1-3 service organization. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 18.07, Business & Commerce Code, is 1-6 amended by adding Subsection (e) to read as follows: 1-7 (e) Notwithstanding Article 3.15, 4.01, or 5.02, Title 79, 1-8 Revised Statutes (Article 5069-1.01 et seq., Vernon's Texas Civil 1-9 Statutes), a credit service organization may receive, and a buyer 1-10 may pay, compensation for the credit service organization's 1-11 brokering or guaranteeing a loan for the buyer or arranging a loan 1-12 or other extension of credit for the buyer. 1-13 SECTION 2. The importance of this legislation and the 1-14 crowded condition of the calendars in both houses create an 1-15 emergency and an imperative public necessity that the 1-16 constitutional rule requiring bills to be read on three several 1-17 days in each house be suspended, and this rule is hereby suspended, 1-18 and that this Act take effect and be in force from and after its 1-19 passage, and it is so enacted.