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A BILL TO BE ENTITLED
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AN ACT
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relating to the cancellation of certain consumer transactions. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 601.002(b), Business & Commerce Code, is |
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amended to read as follows: |
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(b) Notwithstanding Subsection (a), this chapter does not |
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apply to: |
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(1) a purchase of farm equipment; |
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(2) an insurance sale regulated by the Texas |
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Department of Insurance; |
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(3) a sale of goods or services made: |
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(A) under a preexisting revolving charge account |
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or retail charge agreement; or |
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(B) after negotiations between the parties at a |
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business establishment in a fixed location where goods or services |
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are offered or exhibited for sale; [or] |
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(4) a sale of real property if: |
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(A) the purchaser is represented by a licensed |
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attorney; |
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(B) the transaction is negotiated by a licensed |
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real estate broker; or |
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(C) the transaction is negotiated at a place |
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other than the consumer's residence by the person who owns the |
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property; |
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(5) a service contract regulated under Chapter 1304, |
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Occupations Code, by the Texas Department of Licensing and |
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Regulation; or |
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(6) a sale of a service if: |
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(A) the service is cancellable by the consumer at |
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any time; and |
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(B) the right to cancel the service is provided |
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to the consumer in writing. |
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SECTION 2. The changes in law made by this Act apply only to |
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a consumer transaction that occurs on or after the effective date of |
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this Act. A consumer transaction that occurs before the effective |
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date of this Act is governed by the law in effect on the date the |
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transaction occurred, and the former law is continued in effect for |
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that purpose. |
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SECTION 3. This Act takes effect September 1, 2025. |