H.B. No. 2793
AN ACT
relating to the processing fee charged for a dishonored payment
device.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 3.506(b), Business & Commerce Code, is
amended to read as follows:
(b) On return of a payment device to the holder following
dishonor of the payment device by a payor, the holder, the holder's
assignee, agent, or representative, or any other person retained by
the holder to seek collection of the face value of the dishonored
payment device may charge the drawer or indorser a maximum
[reasonable] processing fee of [not more than] $30.
SECTION 2. This Act takes effect September 1, 2011.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 2793 was passed by the House on April
26, 2011, by the following vote: Yeas 148, Nays 0, 2 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 2793 was passed by the Senate on May
19, 2011, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor