Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
Neutral | Neutral | Neutral | Neutral | Neutral | Neutral |
Relating to the regulation
of consumer credit transactions and the regulatory authority of the Office of
Consumer Credit Commissioner; amending provisions subject to a criminal penalty.
No fiscal implication to the State is anticipated.
SB 1282 would make several benign alterations to the
Titles 1 (General Provisions), 4 (Regulation of Interest, Loans, and Financed
Transactions), and 5 (Protection of Consumers of Financial Services) of the
Financial Code. Additionally, this legislation would make changes to Chapter
1956 of the Occupations Code and Chapter 32 of the Tax Code.
According to the author’s statement of intent this “bill is
intended to make clarifications and improvements to regulatory procedures and
to relieve regulatory burden or provide compliance alternatives where possible.”
SB 1282 would make many technical modifications to existing
statutes. Our analysis of this
legislation confirms that most of these changes do not pose a significant enough
risk to any of our five liberty principles.
We stand neutral on SB 1282 to because it neither affirms
nor abridges our liberty principles.