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A BILL TO BE ENTITLED
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AN ACT
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relating to the approval requirement for a rental-purchase |
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agreement that includes a loss damage waiver provision. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 92.153, Business & Commerce Code, is |
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amended to read as follows: |
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Sec. 92.153. RESTRICTIONS ON MERCHANT CONCERNING WAIVER. A |
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merchant may not: |
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(1) sell a loss damage waiver unless: |
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(A) [the department has approved the form of] the |
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contract containing the waiver complies with this chapter; and |
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(B) the consumer agrees to the waiver in writing; |
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or |
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(2) impose or require the purchase of a loss damage |
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waiver as a mandatory charge. |
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SECTION 2. Sections 92.001(2) and (4), 92.158, 92.159, and |
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92.160, Business & Commerce Code, are repealed. |
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SECTION 3. (a) An administrative proceeding pending on the |
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effective date of this Act that is related to a complaint filed |
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under Section 92.160, Business & Commerce Code, as that section |
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existed immediately before the effective date of this Act, is |
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dismissed. |
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(b) An administrative penalty assessed under Section |
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92.160, Business & Commerce Code, as that section existed |
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immediately before the effective date of this Act, and Chapter 51, |
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Occupations Code, may be collected as provided by Chapter 51, |
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Occupations Code. |
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(c) Not later than the 60th day after the effective date of |
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this Act, the Texas Department of Licensing and Regulation shall |
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return a prorated portion of the fee paid by a merchant to the |
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department under Section 92.159(2), Business & Commerce Code, as |
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that section existed immediately before the effective date of this |
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Act. |
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SECTION 4. This Act takes effect September 1, 2013. |