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Relating to debt cancellation agreements offered in connection with
certain retail installment contracts.
No fiscal impact to the state is anticipated.
HB 2639 would make various clarifying and procedural updates to the Finance Code with respect to debt cancellation agreements.
Debt cancellation agreements are already heavily regulated in the state of Texas. The updates to existing regulation that would be made by this bill do not appear to offend our liberty principles, therefore we remain neutral on HB 2639.