SB 1949

86(R) - 2019
Senate Business & Commerce
Senate Business & Commerce

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Kirk Watson


Brian Birdwell
Dawn Buckingham

Bill Caption

Relating to the applicability of Texas law to consumer financial transactions extended to persons located in this state at the time the transaction is entered into.

Fiscal Notes

No fiscal implication to the State is anticipated.

Bill Analysis

SB 1949 would apply Texas lending laws under the administration of the Office of the Consumer Credit Commissioner to online lending. This would clarify that online lending is subject to the same regulatory framework as lending that is done by mail so long as the transaction took place while the loan applicant was in the state of Texas.

Vote Recommendation Notes

Texas Action is neutral on SB 1949 as it does not appear to affect any of our liberty principles.