Bill
HB 1985
85(R) - 2017
House Investments & Financial Services
House Investments & Financial Services
Business, Industry, & Commerce
Debt
Finance
Companion Bill
SB 1052
Vote Recommendation
Yes
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Neutral
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Neutral
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Neutral
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Neutral
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Positive
Author(s)
Dan Flynn
Bill Caption
Relating to debt cancellation agreements offered in connection with certain loans and retail installment contracts and to amounts charged for certain agreements offered in connection with certain loans and retail installment contracts.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
HB 1985 would update various aspects of statute with respect to debt cancellation agreements for motor vehicles and allow debt cancellation agreements to be offered for vehicle leases.
Vote Recommendation Notes
HB 1985 upholds our principle of individual liberty by allowing consumers to purchase debt cancellation agreements for leased vehicles. For this reason we support HB 1985.
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