Supplement: TX HB876 | 2021-2022 | 87th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas HB876 please see the Bill Drafting List
Bill Title: Relating to fees charged by certain persons for the method used for payments made under an agreement.
Status: 2021-06-04 - Effective on 9/1/21 [HB876 Detail]
Download: Texas-2021-HB876-Fiscal_Note_Introduced_.html
Bill Title: Relating to fees charged by certain persons for the method used for payments made under an agreement.
Status: 2021-06-04 - Effective on 9/1/21 [HB876 Detail]
Download: Texas-2021-HB876-Fiscal_Note_Introduced_.html
TO: |
Honorable Chris Turner, Chair, House Committee on Business & Industry |
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 Introduced |
No significant fiscal implication to the State is anticipated.
The bill amends 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 Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > |
LBB Staff: b > td > | JMc, SZ, BC, DPe |