HBA-NLM H.B. 2780 76(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 2780
By: Pitts
Financial Institutions
3/22/1999
Introduced



BACKGROUND AND PURPOSE 

The Texas Credit Title, established by the 75th Legislature, contained a
transcription error in a provision in Article 5069-1.B002 (Definitions),
Title 79 (Interest-Consumer Credit-Consumer Protection), which provides
that the definitions are to be liberally construed by interpreting courts.
This provision had been deleted from the bill when it was considered by the
House Committee on Financial Institutions and was not contained in the bill
as it was originally passed each house.  H.B. 2780 deletes the provision
which requires that definitions contained in Article 5069-1.B002 be
liberally construed.   

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Articles 5069-1.B002(b) and (c), Title 79, V.T.C.S., to
delete existing text requiring these definitions to be liberally construed. 

SECTION 2. Amends Sections 301.002(b) and (c), Finance Code, to make a
conforming change. 

SECTION 3. (a)  Provides that Section 1 of this Act takes effect
immediately on passage only if the Act of the 76th Legislature, Regular
Session, 1999, relating to nonsubstantive additions to and corrections in
enacted codes does not take effect.  

(b) Provides that Section 2 of this Act takes effect immediately on passage
only if the Act of the 76th Legislature, Regular Session, 1999, relating to
nonsubstantive additions to and corrections in enacted codes does not take
effect. 

SECTION 4.  Emergency clause.