Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB975 by Giddings (Relating to the threat or pursuit of criminal charges against a consumer in association with certain extensions of consumer credit; providing a civil penalty.), As Introduced
The provisions of the bill addressed by this analysis would amend the Finance Code as it relates to the threat or pursuit of criminal charges against a consumer in association with certain extensions of consumer credit. Under the provisions of the bill, a credit services organization would be prohibited from filing a criminal complaint against a consumer or threaten to refer a consumer for prosecution unless it has extrinsic evidence sufficient to prove the offense. The bill would provide a civil penalty for a violation of the provisions of the bill.
This analysis assumes the provisions of the bill would not result in a significant impact on the demand for state correctional resources.