SB 1282

84(R) - 2015
Senate Business & Commerce
Senate Business & Commerce
Business, Industry, & Commerce

Companion Bill

HB 3094

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Kevin Eltife

Bill Caption

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.

Fiscal Notes

No fiscal implication to the State is anticipated.

Bill Analysis

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.”  

Vote Recommendation Notes

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. 

Organizations Supporting

JP Morgan Chase