By Solomons                                           H.B. No. 1684
         Line and page numbers may not match official copy.
         Bill not drafted by TLC or Senate E&E.
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to certain finance charges that may be included in a
 1-3     retail installment agreement.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Section 348.202(c), Finance Code, is amended to
 1-6     read as follows:
 1-7           (c)  A holder may include the cost of insurance provided
 1-8     under Subsection (a) or (b), and a policy or agent fee charged in
 1-9     connection with insurance provided under Subsection (a) or (b), as
1-10     a separate charge in the contract.
1-11           SECTION 2.  This Act takes effect immediately if it receives
1-12     a vote of two-thirds of all the members elected to each house, as
1-13     provided by Section 39, Article III, Texas Constitution.  If this
1-14     Act does not receive the vote necessary for immediate effect, this
1-15     Act takes effect September 1, 2001.