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Bill

HB 3002

Relating to requiring debt collectors to provide certain disclosures to consumers.

89th Legislature (2025) Introduced by Lauren Simmons

Texas bill HB 3002 mandates debt collectors provide enhanced consumer disclosures, strengthening borrower protections against deceptive collection practices.

Left pending in committee
#consumerreportingagencies(s0120) #debt(s0116) #financial--general(i0365)
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Bill Summary · HB 3002

Legislative bill overview

HB 3002 requires debt collectors operating in Texas to provide specific disclosures to consumers, likely including information about debt validation rights, collector licensing, and debt details. The bill was introduced by Rep. Lauren Simmons and is currently pending in the Pensions, Investments & Financial Services Committee after a public hearing in May 2025.

Why is this important

Debt collection is a common consumer issue, and enhanced disclosure requirements can help Texans better understand their rights and the legitimacy of collection efforts. Clear disclosures may reduce deceptive practices and empower consumers to dispute invalid debts or identify unlicensed collectors.

Potential points of contention

  • Compliance burden: Debt collection companies may argue that additional disclosure requirements increase operational costs and administrative complexity
  • Scope ambiguity: The bill's specific disclosure requirements aren't detailed in available summaries, creating uncertainty about what collectors must provide and whether requirements align with federal Fair Debt Collection Practices Act standards
  • Competitive impact: Requirements could disproportionately affect smaller collection agencies versus larger firms with established compliance infrastructure

Compiled from official sources — confirm details with the bill’s official record.

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