1-1     By:  Solomons (Senate Sponsor - Carona)               H.B. No. 1684
 1-2           (In the Senate - Received from the House April 25, 2001;
 1-3     April 26, 2001, read first time and referred to Committee on
 1-4     Business and Commerce; May 7, 2001, reported favorably by the
 1-5     following vote:  Yeas 6, Nays 0, 1 present, not voting;
 1-6     May 7, 2001, sent to printer.)
 1-7                            A BILL TO BE ENTITLED
 1-8                                   AN ACT
 1-9     relating to certain charges that may be included in a retail
1-10     installment agreement.
1-11           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12           SECTION 1. Section 348.202(c), Finance Code, is amended to
1-13     read as follows:
1-14           (c)  A holder may include the cost of insurance provided
1-15     under Subsection (a) or (b), and a policy or agent fee charged in
1-16     connection with insurance provided under Subsection (a) or (b), as
1-17     a separate charge in the contract.
1-18           SECTION 2.  This Act takes effect immediately if it receives
1-19     a vote of two-thirds of all the members elected to each house, as
1-20     provided by Section 39, Article III, Texas Constitution.  If this
1-21     Act does not receive the vote necessary for immediate effect, this
1-22     Act takes effect September 1, 2001.
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