By Pitts                                              H.B. No. 3668
         77R10898 DWS-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the financing of certain homes.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1. Chapter 339, Finance Code, is amended by adding
 1-5     Section 339.005 to read as follows:
 1-6           Sec. 339.005.  APPLICABILITY OF CERTAIN FEDERAL LAW. This
 1-7     title does not override or restrict the applicability of 12 U.S.C.
 1-8     Section 1735f-7a.
 1-9           SECTION 2. Section 347.301(c), Finance Code, is amended to
1-10     read as follows:
1-11           (c)  A documentary fee for the preparation of [a] credit
1-12     documents [document] may [not] be charged to the consumer in an
1-13     amount not to exceed $100.
1-14           SECTION 3. The purpose of Section 1 of this Act is to clarify
1-15     and confirm existing law.
1-16           SECTION 4.  This Act takes effect immediately if it receives
1-17     a vote of two-thirds of all the members elected to each house, as
1-18     provided by Section 39, Article III, Texas Constitution.  If this
1-19     Act does not receive the vote necessary for immediate effect, this
1-20     Act takes effect September 1, 2001.