TX HB4693

Allows persons to receive compensation for preparing, presenting, or advising on veterans benefit claims as permitted by federal law, but prohibits compensation for referrals and guaranteeing specific outcomes or benefit amounts

Prohibits charging fees for claims-related services during the one-year period after a veteran's release from active duty, unless the veteran signs a waiver acknowledging free services are available

Caps compensation at five times the increase in monthly benefits awarded, requires it to be contingent on benefits actually increasing, and bans initial or nonrefundable fees

Requires written agreements with mandatory disclosures in 12-point type stating the business is not affiliated with the VA or Texas Veterans Commission and that free services may be available elsewhere

Prohibits using international call centers to process veterans' personal information and using veterans' login credentials to access their accounts; requires identity verification and criminal background checks for employees with data access

Establishes violations as deceptive trade practices with civil penalties up to $500 per day, collected by the attorney general and deposited into the fund for veterans' assistance