LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
 
April 30, 2021

TO:
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
HB876 by Craddick (Relating to fees charged by certain persons for the method used for payments made under an agreement.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would amend the Business & Commerce Code to prohibit a person or legal entity making a payment under an agreement to charge a fee to the payee because the payee elects to receive the payment via paper check instead of via any form of electronic funds transfer. 

Any contract provision permitting such a fee is void and unenforceable. 

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
LBB Staff:
JMc, SZ, DPE, BC