By:  Carona                                           S.B. No. 1076
         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.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Section 348.202(b), Finance Code, is amended to
 1-5     read as follows:
 1-6           (c)  A holder may include the cost of insurance provided
 1-7     under Subsection (a) or (b), or a policy fee charged in connection
 1-8     with insurance provided under Subsection (a) or (b), as a separate
 1-9     charge in the contract.
1-10           SECTION 2.  This Act takes effect immediately if it receives
1-11     a vote of two-thirds of all the members elected to each house, as
1-12     provided by Section 39, Article III, Texas Constitution.  If this
1-13     Act does not receive the vote necessary for immediate effect, this
1-14     Act takes effect September 1, 2001.