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TX SB229
Bill
Status
11/12/2024
Primary Sponsor
Royce West
Click for details
AI Summary
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Prohibits motor vehicle retail sellers from increasing the sale price for buyers who pay with their own money (cash) or use financing from a third-party lender unaffiliated with the dealership
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Bars dealers from refusing to accept payment at the time of sale from buyers using their own funds or third-party financing
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Prohibits retail sellers from making false or misleading representations that contradict these consumer payment protections
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Applies only to motor vehicle purchase agreements entered into on or after September 1, 2025
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Adds new Section 348.415 to Chapter 348 of the Texas Finance Code
Legislative Description
Relating to prohibiting a retail seller of motor vehicles from imposing certain restrictions on the purchase of a motor vehicle.
Financial
Last Action
Left pending in committee
5/1/2025