TX HB700 | 2025-2026 | 89th Legislature
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 2)
Status: Passed on June 20 2025 - 100% progression
Action: 2025-06-20 - Effective on 9/1/25
Text: Latest bill text (Enrolled) [HTML]
Sponsorship: Partisan Bill (Republican 2)
Status: Passed on June 20 2025 - 100% progression
Action: 2025-06-20 - Effective on 9/1/25
Text: Latest bill text (Enrolled) [HTML]
Summary
Relating to disclosures for certain commercial sales-based financing transactions, the effect of certain commercial sales-based financing contract provisions, and the registration of commercial sales-based financing brokers and providers; authorizing a fee and providing a civil penalty.
Title
Relating to disclosures for certain commercial sales-based financing transactions, the effect of certain commercial sales-based financing contract provisions, and the registration of commercial sales-based financing brokers and providers; authorizing a fee and providing a civil penalty.
Sponsors
Roll Calls
2025-05-28 - House - House concurs in Senate amendment(s) RV#4008 (Y: 98 N: 23 NV: 3 Abs: 26) [PASS]
2025-05-26 - Senate - Read 3rd time (Y: 31 N: 0 NV: 0 Abs: 0) [PASS]
2025-05-26 - Senate - Three day rule suspended (Y: 31 N: 0 NV: 0 Abs: 0) [PASS]
2025-05-12 - House - Read 3rd time RV#2149 (Y: 116 N: 28 NV: 1 Abs: 5) [PASS]
2025-05-10 - House - Record vote RV#2118 (Y: 96 N: 30 NV: 1 Abs: 23) [PASS]
2025-05-10 - House - Amendment adopted as amended RV#2117 (Y: 114 N: 9 NV: 1 Abs: 26) [PASS]
2025-05-10 - House - Amendment amended RV#2116 (Y: 122 N: 4 NV: 1 Abs: 23) [PASS]
2025-05-26 - Senate - Read 3rd time (Y: 31 N: 0 NV: 0 Abs: 0) [PASS]
2025-05-26 - Senate - Three day rule suspended (Y: 31 N: 0 NV: 0 Abs: 0) [PASS]
2025-05-12 - House - Read 3rd time RV#2149 (Y: 116 N: 28 NV: 1 Abs: 5) [PASS]
2025-05-10 - House - Record vote RV#2118 (Y: 96 N: 30 NV: 1 Abs: 23) [PASS]
2025-05-10 - House - Amendment adopted as amended RV#2117 (Y: 114 N: 9 NV: 1 Abs: 26) [PASS]
2025-05-10 - House - Amendment amended RV#2116 (Y: 122 N: 4 NV: 1 Abs: 23) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-06-20 | Effective on 9/1/25 | |
| 2025-06-20 | Signed by the Governor | |
| 2025-05-31 | Sent to the Governor | |
| 2025-05-31 | Senate | Signed in the Senate |
| 2025-05-30 | House | Signed in the House |
| 2025-05-29 | House | Reported enrolled |
| 2025-05-28 | Senate | House concurs in Senate amendment(s)-reported |
| 2025-05-28 | House | Text of Senate Amendment(s) |
| 2025-05-28 | House | Statement(s) of vote recorded in Journal |
| 2025-05-28 | House | Record vote RV#4008 |
| 2025-05-28 | House | House concurs in Senate amendment(s) |
| 2025-05-28 | House | Point of order withdrawn Rule 11, Section 2 |
| 2025-05-27 | House | Senate Amendments Analysis distributed |
| 2025-05-27 | House | Senate Amendments distributed |
| 2025-05-26 | House | Senate passage as amended reported |
| 2025-05-26 | Senate | Record vote |
| 2025-05-26 | Senate | Passed |
| 2025-05-26 | Senate | Read 3rd time |
| 2025-05-26 | Senate | Record vote |
| 2025-05-26 | Senate | Three day rule suspended |
| 2025-05-26 | Senate | Vote recorded in Journal |
| 2025-05-26 | Senate | Passed to 3rd reading as amended |
| 2025-05-26 | Senate | Vote recorded in Journal |
| 2025-05-26 | Senate | Amended |
| 2025-05-26 | Senate | Amendment(s) offered FA1 Perry |
| 2025-05-26 | Senate | Read 2nd time |
| 2025-05-26 | Senate | Rules suspended-Regular order of business |
| 2025-05-25 | Senate | Placed on intent calendar |
| 2025-05-22 | Senate | Committee report printed and distributed |
| 2025-05-22 | Senate | Recommended for local & uncontested calendar |
| 2025-05-22 | Senate | Reported favorably w/o amendments |
| 2025-05-22 | Senate | Vote taken in committee |
| 2025-05-22 | Senate | Considered in public hearing |
| 2025-05-13 | Senate | Referred to Business & Commerce |
| 2025-05-13 | Senate | Read first time |
| 2025-05-12 | Senate | Received from the House |
| 2025-05-12 | House | Reported engrossed |
| 2025-05-12 | House | Statement(s) of vote recorded in Journal |
| 2025-05-12 | House | Record vote RV#2149 |
| 2025-05-12 | House | Passed |
| 2025-05-12 | House | Read 3rd time |
| 2025-05-10 | House | Statement(s) of vote recorded in Journal |
| 2025-05-10 | House | Record vote RV#2118 |
| 2025-05-10 | House | Passed to engrossment as amended |
| 2025-05-10 | House | Record vote RV#2117 |
| 2025-05-10 | House | Amendment adopted as amended 1-McQueeney |
| 2025-05-10 | House | Record vote RV#2116 |
| 2025-05-10 | House | Amendment amended 2-Plesa |
| 2025-05-10 | House | Amendment(s) offered 1-McQueeney |
| 2025-05-10 | House | Read 2nd time |
| 2025-05-09 | House | Placed on General State Calendar |
| 2025-05-07 | House | Considered in Calendars |
| 2025-05-07 | House | Committee report sent to Calendars |
| 2025-05-06 | House | Committee report distributed |
| 2025-05-06 | House | Comte report filed with Committee Coordinator |
| 2025-05-06 | House | Reported favorably w/o amendment(s) |
| 2025-05-06 | House | Vote reconsidered in committee |
| 2025-05-06 | House | Considered in formal meeting |
| 2025-04-24 | House | Reported favorably as substituted |
| 2025-04-24 | House | Committee substitute considered in committee |
| 2025-04-24 | House | Considered in formal meeting |
| 2025-04-14 | House | Left pending in committee |
| 2025-04-14 | House | Testimony taken/registration(s) recorded in committee |
| 2025-04-14 | House | Considered in public hearing |
| 2025-04-14 | House | Scheduled for public hearing on . . . |
| 2025-03-14 | House | Referred to Pensions, Investments & Financial Services |
| 2025-03-14 | House | Read first time |
| 2025-03-14 | House | Filed |
Same As/Similar To
SB2677 (Same As) 2025-05-05 - Co-author authorized
SB2677 (Same As) 2025-05-05 - Co-author authorized
SB2677 (Same As) 2025-05-05 - Co-author authorized
Subjects
BANKING, TEXAS DEPARTMENT OF
Business & Commerce
Business & Commerce--General
Civil Remedies & Liabilities
CONSUMER CREDIT COMMISSIONER, OFFICE OF
FINANCE COMMISSION OF TEXAS
Financial
Financial--General
MORTGAGE BROKERS & BANKERS
Business & Commerce
Business & Commerce--General
Civil Remedies & Liabilities
CONSUMER CREDIT COMMISSIONER, OFFICE OF
FINANCE COMMISSION OF TEXAS
Financial
Financial--General
MORTGAGE BROKERS & BANKERS
