Bill: SB 938, 85(R) - 2017

Committee

Senate Business & Commerce

Companion Bill

HB 1859

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
No Negative Neutral Negative Neutral Neutral

Author(s)

Van Taylor

Bill Caption

Relating to certain rental-purchase agreements.

Fiscal Notes

From the LBB: no significant fiscal implication to the state is anticipated.

Bill Analysis

SB 938 would amend the Business & Commerce Code to consider merchandise displayed or offered to consumers primarily for lease under a rental-purchase agreement if the merchandise is displayed or offered at a place of business that derives at least 50 percent of its revenue from rental-purchase agreements. Next, if merchandise is not displayed or offered to consumers primarily for lease under a rental-purchase agreement, the merchant would be required to make a series of disclosures before presenting a rental-purchase agreement.

Vote Recommendation Notes

SB 938 violates our principles of limited government and personal responsibility. Micromanaging these types of disclosures in a retail transaction between a willing buyer and a willing seller is not the proper role of the state. Also, it is the responsibility of a buyer to evaluate for themselves whether it is financially wise to take on a rent to own agreement rather than buying an item outright at the point of sale. For these reasons we oppose SB 938.

Source URL (retrieved on 03/28/2024 03:03 PM): http://reports.texasaction.com/bill/85r/sb938?print_view=true