86R13090 GRM-F
 
  By: Gutierrez H.B. No. 3292
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to sale-leaseback transactions.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 341.001(9), Finance Code, is amended to
  read as follows:
               (9)  "Loan" has the meaning assigned by Section 301.002
  and includes [a sale-leaseback transaction and] a deferred
  presentment transaction.
         SECTION 2.  Sections 341.001(10), 342.009, and 349.503,
  Finance Code, are repealed.
         SECTION 3.  The changes in law made by this Act apply only to
  a sale-leaseback transaction entered into on or after the effective
  date of this Act.  A sale-leaseback transaction entered into before
  the effective date of this Act is governed by the law in effect on
  the date the sale-leaseback transaction was entered into, and the
  former law is continued in effect for that purpose.
         SECTION 4.  This Act takes effect September 1, 2019.