LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 30, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB876 by Craddick (Relating to fees charged by certain persons for the method used for payments made under an agreement.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Business & Commerce Code to prohibit a person or legal entity making a payment under an agreement to charge a fee to the payee because the payee elects to receive the payment via paper check instead of via any form of electronic funds transfer. Any contract provision permitting such a fee is void and unenforceable. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > LBB Staff: b > td > JMc, SZ, DPE, BC
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 30, 2021
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB876 by Craddick (Relating to fees charged by certain persons for the method used for payments made under an agreement.), As Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB876 by Craddick (Relating to fees charged by certain persons for the method used for payments made under an agreement.), As Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB876 by Craddick (Relating to fees charged by certain persons for the method used for payments made under an agreement.), As Engrossed
HB876 by Craddick (Relating to fees charged by certain persons for the method used for payments made under an agreement.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Business & Commerce Code to prohibit a person or legal entity making a payment under an agreement to charge a fee to the payee because the payee elects to receive the payment via paper check instead of via any form of electronic funds transfer. Any contract provision permitting such a fee is void and unenforceable.
Any contract provision permitting such a fee is void and unenforceable.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td >
LBB Staff: b > td > JMc, SZ, DPE, BC
JMc, SZ, DPE, BC