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A BILL TO BE ENTITLED
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AN ACT
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relating to municipal ordinances regulating a credit access |
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business or an extension of consumer credit that a credit access |
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business obtains for a consumer or assists a consumer in obtaining. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 393, Finance Code, is |
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amended by adding Section 393.004 to read as follows: |
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Sec. 393.004. EFFECT ON MUNICIPAL ORDINANCES. (a) In this |
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section, "credit access business" has the meaning assigned by |
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Section 393.601. |
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(b) This chapter does not preempt a municipal ordinance |
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regulating a credit access business or an extension of consumer |
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credit that a credit access business obtains for a consumer or |
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assists a consumer in obtaining. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |