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.