SRC-MAX H.B. 10 75(R)    BILL ANALYSIS


Senate Research CenterH.B. 10
By: Brimer (Armbrister)
Administration
5-10-97
Engrossed


DIGEST 

Currently, the Texas Legislative Council is required to carry out a
complete nonsubstantive revision of the Texas statutes. H.B. 10 recodifies
certain statutes into the Finance Code  relating to financial
institutions, financial businesses, and credit, including conforming
amendments, repeals, and penalties. 

PURPOSE

As proposed, H.B. 10 recodifies statutes into the Finance Code,  relating
to financial institutions, financial businesses, and credit, including
conforming amendments, repeals, and penalties. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Recodifies statutes into the Finance Code,  relating to
financial institutions, financial businesses, and credit, including
conforming amendments, repeals, and penalties. 

SECTION 2. Makes conforming amendments to Title 4, Business & Commerce
Code. 

SECTION 3. Makes conforming amendments to Title 4, Business & Commerce
Code. 

SECTION 4. Makes conforming amendments to Title 4, Business & Commerce
Code. 

SECTION 5. Makes conforming amendments to Title 4, Business & Commerce
Code. 

SECTION 6. Repealer:  Articles 342-1.001-342.9.015, V.T.C.S. (Banking and
banks); Article 342903d, V.T.C.S. (Transaction fees for shares electronic
terminals); Articles 342-1101-342-1114, V.T.C.S.  (Trust companies);
Article 350, V.T.C.S. (Currency exchange); Article 351,  V.T.C.S.
(Financial transaction reporting requirement); Article 489b-1, V.T.C.S.
(Disclosure by financial institution that deposits not insured); Article
489d, V.T.C.S. (Sale of Checks Act); Article 489e, V.T.C.S. (Savings Bank
Act); Article 489f, V.T.C.S. (Interstate bank merger prohibition), Article
548b-h, V.T.C.S. (Prepaid funeral services or merchandise); Article
696-700, V.T.C.S. (Bond investment companies);  Article 700a, V.T.C.S.
(Penalty for violation of laws); Article 852a, V.T.C.S.  (Savings and Loan
Act); Article 852b, V.T.C.S. (Savings and Loan Supplemental Fund Act);
Articles 2461-1.01-2461-12.12.02, V.T.C.S. (Credit organizations); Article
3921a, V.T.C.S. (Disposition of fees and revenues collected by banking
department); Articles 5069-1.01-5069-51.19, V.T.C.S.  (Interest-consumer
credit-consumer protection); Article 9016, V.T.C.S. (Furnishing false
credit information to or by a credit reporting bureau); Chapter 728(2)
(Acts of the 74th Legislature); Chapter 914(2)(j) (Acts of the 74th
Legislature); Sections 18.01-18.15, Business & Commerce Code (Credit
Services Organizations). 

SECTION 7. LEGISLATIVE INTENT OF NO SUBSTANTIVE CHANGE.  Provides that
this Act is intended as a recodification only, and no substantive change
in law is intended by this Act. 


 
SECTION 8. Effective date: September 1, 1997.

SECTION 9. Emergency clause.