Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB1414 by Hancock (Relating to fees regarding a residential tenant's failure to timely pay rent.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Property Code to modify the late fees that a landlord may charge a residential tenant due to timely failure to pay rent. The bill would also establish a cap on these fees for dwellings located in a building that contains five or more dwelling units.
Local Government Impact
No fiscal implication to units of local government is anticipated.