Bill Text: TX SB2250 | 2023-2024 | 88th Legislature | Comm Sub
Bill Title: Relating to the execution of a certificate of completion and to imposing certain requirements under a retail installment contract for the purchase of solar panels.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Engrossed - Dead) 2023-05-22 - Comm. report sent to Local & Consent Calendar [SB2250 Detail]
Download: Texas-2023-SB2250-Comm_Sub.html
88R29233 SHH-D | ||
By: Zaffirini, et al. | S.B. No. 2250 | |
(Lambert) | ||
Substitute the following for S.B. No. 2250: No. |
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relating to the execution of a certificate of completion and to | ||
imposing certain requirements under a retail installment contract | ||
for the purchase of solar panels. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter B, Chapter 345, Finance Code, is | ||
amended by adding Section 345.0811 to read as follows: | ||
Sec. 345.0811. CERTIFICATE OF COMPLETION FOR SOLAR PANEL | ||
RETAIL INSTALLMENT CONTRACT; CONSEQUENCE OF CERTAIN FAILED | ||
BUILDING CODE INSPECTIONS. (a) A retail buyer who is required by a | ||
retail seller of solar panels to execute a certificate of | ||
completion is entitled to deferment of installment under Section | ||
345.069 if: | ||
(1) a solar panel installation purchased under a | ||
retail installment contract fails a building code inspection | ||
resulting from the installation of the solar panels not later than | ||
the first anniversary of the execution of the certificate of | ||
completion covering the installation; and | ||
(2) the retail buyer notifies the retail seller of the | ||
failed building code inspection not later than the 30th day after | ||
the date of the inspection. | ||
(b) A retail buyer is entitled to a deferment of installment | ||
under Subsection (a) for the period: | ||
(1) beginning on the date the retail buyer notifies | ||
the retail seller of the failed building code inspection under | ||
Subsection (a)(2); and | ||
(2) ending on the date the retail seller corrects the | ||
work cited by the failed inspection. | ||
(c) If a retail seller of solar panels does not correct the | ||
work cited by the failed building code inspection before the 91st | ||
day after the date the retail seller receives the notice under | ||
Subsection (a)(2): | ||
(1) the certificate of completion is void; | ||
(2) the retail seller shall exercise reasonable care | ||
to remove the solar panel installation and correct any incidental | ||
damage to the real property resulting from the installation and | ||
removal; and | ||
(3) the retail buyer is entitled to rescind the retail | ||
installment contract and receive a refund of all payments under or | ||
in contemplation of the contract. | ||
SECTION 2. Section 345.0811, Finance Code, as added by this | ||
Act, applies only to a retail installment contract entered into on | ||
or after the effective date of this Act. A retail installment | ||
contract entered into before the effective date of this Act is | ||
governed by the law in effect on the date the contract was entered | ||
into, and the former law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2023. |