89R3227 SRA-F
By: Middleton S.B. No. 1007
A BILL TO BE ENTITLED
AN ACT
relating to the cancellation of certain consumer transactions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 601.002(b), Business & Commerce Code, is
amended to read as follows:
(b) Notwithstanding Subsection (a), this chapter does not
apply to:
(1) a purchase of farm equipment;
(2) an insurance sale regulated by the Texas
Department of Insurance;
(3) a sale of goods or services made:
(A) under a preexisting revolving charge account
or retail charge agreement; or
(B) after negotiations between the parties at a
business establishment in a fixed location where goods or services
are offered or exhibited for sale; [or]
(4) a sale of real property if:
(A) the purchaser is represented by a licensed
attorney;
(B) the transaction is negotiated by a licensed
real estate broker; or
(C) the transaction is negotiated at a place
other than the consumer's residence by the person who owns the
property;
(5) a service contract regulated under Chapter 1304,
Occupations Code, by the Texas Department of Licensing and
Regulation; or
(6) a sale of a service if:
(A) the service is cancellable by the consumer at
any time; and
(B) the right to cancel the service is provided
to the consumer in writing.
SECTION 2. The changes in law made by this Act apply only to
a consumer transaction that occurs on or after the effective date of
this Act. A consumer transaction that occurs before the effective
date of this Act is governed by the law in effect on the date the
transaction occurred, and the former law is continued in effect for
that purpose.
SECTION 3. This Act takes effect September 1, 2025.