Bill
HB 700
Relating to disclosures for certain commercial sales-based financing transactions, the effect of certain commercial sales-based financing contract provisions, and the registration of commercial sales-based financing brokers and providers; authorizing a fee and providing a civil penalty.
89th Legislature (2025)
Introduced by John McQueeney and 1 co-sponsor
Texas requires sales-based financing brokers and providers to register, disclose terms clearly, and avoid predatory contract practices, with penalties for violations beginning September 1, 2025.
Effective on 9/1/25
#banking
#texasdepartmentof(v8741)
#business&commerce--general(i0050)
#consumercreditcommissioner
#officeof(v0242)
#civilremedies&liabilities(i0065)
#financecommissionoftexas(v0133)
#financial--general(i0365)
#mortgagebrokers&bankers(s0098)