Bill Text: TX HB610 | 2015-2016 | 84th Legislature | Introduced

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Bill Title: Relating to the statute of limitations for an action on a credit card account.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-03-03 - No action taken in committee [HB610 Detail]

Download: Texas-2015-HB610-Introduced.html

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84R1747 SCL-D
By: Davis of Harris H.B. No. 610

A BILL TO BE ENTITLED
AN ACT
relating to the statute of limitations for an action on a credit
card account.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 16.004(c), Civil Practice and Remedies
Code, is amended to read as follows:
(c) A person must bring suit against the person's [his]
partner for a settlement of partnership accounts, and must bring an
action on an open, [or] stated, or credit card account, or on a
mutual and current account concerning the trade of merchandise
between merchants or their agents or factors, not later than four
years after the day that the cause of action accrues. For purposes
of this subsection, the cause of action accrues on the day that the
dealings in which the parties were interested together cease, or in
the case of a credit card account, the 180th day after the date of
the last payment on the account.
SECTION 2. The change in law made by this Act applies only
to the limitations period for an action on a credit card account on
which a payment or charge is made on or after the effective date of
this Act. The limitations period for an action on a credit card
account on which a payment or charge is not made on or after the
effective date of this Act is governed by the law in effect
immediately before the effective date of this Act, and that law is
continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2015.