Bill
SB 512
Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty.
89th Legislature (2025)
Introduced by Lois Kolkhorst and 1 co-sponsor
Texas law bars money services businesses from charging customer fines for contract violations, effective September 1, 2025, with civil penalties for non-compliance.
Effective on 9/1/25