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TX HB4738
Bill
Status
6/20/2025
Primary Sponsor
Charlie Geren
Click for details
AI Summary
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Eliminates the requirement for lenders to deposit $1 of each administrative fee with the comptroller for loans over $1,000 (fees capped at $25) and loans of $1,000 or less (fees capped at $20)
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Removes the requirement to deposit $0.50 of each administrative fee with the comptroller for secondary loans under Subchapter G of Chapter 342 of the Finance Code
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Administrative fees were previously partially allocated to fund the Finance Commission's responsibilities under Section 11.3055
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Tax liability that accrued before the effective date remains enforceable under the former law
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Takes effect January 1, 2026; passed the House 133-0 on April 30, 2025, and the Senate 31-0 on May 25, 2025
Legislative Description
Relating to the elimination of the remittance of a portion of certain loan administration fees to the comptroller.
State Finances
Last Action
Effective on 1/1/26
6/20/2025