Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 768 revises the Finance Code to impose stricter regulations on credit services organizations, including payday lenders. It defines new terms, prohibits certain types of loans, and imposes limits on loan refinancing, fees, and interest rates based on a borrower's income. The legislation requires transparency, written disclosures, and record-keeping while providing greater oversight of these organizations by the Finance Commission. It takes effect on September 1, 2025.
Author (1)
Contact the Author
Rep. Diego Bernal
Capitol Phone:
(512) 463-0532
Capitol Office:
CAP 4N.6
E-Mail:
