Texas 2015 - 84th Regular

Texas House Bill HB610

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to the statute of limitations for an action on a credit card account.

Impact

The provisions of HB610 represent a significant alteration to the Civil Practice and Remedies Code in Texas. By establishing a clearer timeline for bringing forth lawsuits on credit card accounts, the bill aims to provide greater certainty for both debtors and creditors. For debtors, it may offer protection against outdated claims and prolonged debt recovery processes, while creditors benefit from a defined legal framework for seeking payment. This change could influence the practices of creditors in managing credit accounts as they adapt to the new limitations.

Summary

House Bill 610 seeks to amend the statute of limitations for actions related to credit card accounts in Texas. The bill stipulates that individuals must initiate lawsuits pertaining to credit card debts within four years from the date the cause of action arises. This limits the period within which creditors can seek legal recourse for unpaid debts, specifically for credit card accounts, where the cause of action relates to transactions occurring after the effective date of the bill.

Contention

There may be points of contention surrounding HB610, particularly regarding its impact on credit and consumer rights. Advocates for the bill suggest that shortening the statute of limitations protects consumers from endless debt collections that could arise from older accounts. Conversely, some creditors may argue that such restrictions could limit their ability to recover legitimate debts, especially in complex cases where the nature of the debt might be disputed. Stakeholders will need to navigate these concerns as the bill progresses through legislative channels.

Companion Bills

No companion bills found.

Previously Filed As

TX HB4359

Relating to the regulation of accounts receivable purchase transaction actions.

TX SB1918

Relating to the regulation of accounts receivable purchase transaction actions

TX HB4626

Relating to a limitation on certain fees a credit card issuer may charge a merchant for processing a credit card sale; authorizing a civil penalty.

TX HB888

Relating to the statute of limitations on a health care liability claim involving certain gender modification drugs provided to and procedures performed on a minor.

TX SB1198

Relating to the statute of limitations on a health care liability claim involving certain gender modification drugs provided to and procedures performed on a minor.

TX HB4038

Relating to the limitations period for actions challenging and validations regarding municipal annexation.

TX SB1421

Relating to the effect of nuisance actions, other actions, and governmental requirements on certain agricultural operations.

TX HB2308

Relating to nuisance actions and other actions against agricultural operations.

TX HB4740

Relating to school district grace period policies and the provision of meals to public school students with insufficient balances on prepaid meal cards or meal accounts.

TX HB2019

Relating to the statute of limitations for certain burglary offenses.

Similar Bills

No similar bills found.