Bill

SB 289

83(R) - 2013
Read Bill & Check Bill Status
Business, Industry, & Commerce

Vote Recommendation

Yes
  • Positive
  • Neutral
  • Neutral
  • Positive
  • Neutral

Author(s)

John Carona

Bill Caption

Relating to the approval requirement for a rental-purchase agreement that includes a loss damage waiver provision.

Fiscal Notes

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

Bill Analysis

Summary: SB 289 would remove the requirement for the Texas Commission of Licensing and Regulation (TCLR) and the Texas Department of Licensing and Regulation (TDLR) to oversee restrictions on selling a loss damage waiver and would require compliance with current statute.

Analysis: SB 289 would limit government's scope and remove the requirement for the TDLR's review; therefore, eliminating a bureaucratic burden on the free-market. We support SB 289.