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AN ACT
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relating to the processing fee charged for a dishonored payment |
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device. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 3.506(b), Business & Commerce Code, is |
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amended to read as follows: |
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(b) On return of a payment device to the holder following |
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dishonor of the payment device by a payor, the holder, the holder's |
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assignee, agent, or representative, or any other person retained by |
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the holder to seek collection of the face value of the dishonored |
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payment device may charge the drawer or indorser a maximum |
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[reasonable] processing fee of [not more than] $30. |
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SECTION 2. This Act takes effect September 1, 2011. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2793 was passed by the House on April |
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26, 2011, by the following vote: Yeas 148, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2793 was passed by the Senate on May |
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19, 2011, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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_____________________ |
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Governor |