1-1                                   AN ACT
 1-2     relating to documentary fee included in a vehicle retail
 1-3     installment contract.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Section 348.006(c), Finance Code, is amended to
 1-6     read as follows:
 1-7           (c)  For a documentary fee to be included in the principal
 1-8     balance of a retail installment contract:
 1-9                 (1)  the retail seller must charge the documentary fee
1-10     to cash buyers and credit buyers;
1-11                 (2)  the documentary fee may not exceed $50 for a motor
1-12     vehicle retail installment contract or a reasonable amount agreed
1-13     to by the retail seller and retail buyer for a heavy commercial
1-14     vehicle retail installment contract; and
1-15                 (3)  the buyer's order and the retail installment
1-16     contract must include:
1-17                       (A)  a statement of the amount of the documentary
1-18     fee; and
1-19                       (B)  in reasonable proximity to the place in each
1-20     where the amount of the documentary fee is disclosed, the following
1-21     notice in type that is bold-faced, capitalized, underlined, or
1-22     otherwise conspicuously set out from surrounding written material:
1-23           "A DOCUMENTARY FEE IS NOT AN OFFICIAL FEE.  A DOCUMENTARY FEE
1-24     IS NOT REQUIRED BY LAW, BUT MAY BE CHARGED TO BUYERS FOR HANDLING
 2-1     DOCUMENTS AND PERFORMING SERVICES RELATING TO THE CLOSING OF A
 2-2     SALE.  A DOCUMENTARY FEE MAY NOT EXCEED $50 FOR A MOTOR VEHICLE
 2-3     CONTRACT OR A REASONABLE AMOUNT AGREED TO BY THE PARTIES FOR A
 2-4     HEAVY COMMERCIAL VEHICLE CONTRACT.  THIS NOTICE IS REQUIRED BY
 2-5     LAW."
 2-6           SECTION 2.  This Act takes effect September 1, 1999.
 2-7           SECTION 3.  The importance of this legislation and the
 2-8     crowded condition of the calendars in both houses create an
 2-9     emergency and an imperative public necessity that the
2-10     constitutional rule requiring bills to be read on three several
2-11     days in each house be suspended, and this rule is hereby suspended.
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I certify that H.B. No. 1510 was passed by the House on May
         13, 1999, by a non-record vote.
                                             _______________________________
                                                 Chief Clerk of the House
               I certify that H.B. No. 1510 was passed by the Senate on May
         26, 1999, by the following vote:  Yeas 30, Nays 0.
                                             _______________________________
                                                 Secretary of the Senate
         APPROVED:  _____________________
                            Date
                    _____________________
                          Governor