By: Davis, Rodriguez S.B. No. 999
A BILL TO BE ENTITLED
AN ACT
relating to municipal ordinances regulating a credit access
business or an extension of consumer credit that a credit access
business obtains for a consumer or assists a consumer in obtaining.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 393, Finance Code, is
amended by adding Section 393.004 to read as follows:
Sec. 393.004. EFFECT ON MUNICIPAL ORDINANCES. (a) In this
section, "credit access business" has the meaning assigned by
Section 393.601.
(b) This chapter does not preempt a municipal ordinance
regulating a credit access business or an extension of consumer
credit that a credit access business obtains for a consumer or
assists a consumer in obtaining.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2013.