TX SB2987

Amends Section 91.056 of the Business & Commerce Code to add a new circumstance allowing rental companies to void a damage waiver when a rental vehicle is stolen

Rental companies may void the damage waiver for stolen vehicles only if the renter fails to return the vehicle's ignition key to the rental company

Renters must file a police report within 24 hours of discovering the theft and fully cooperate with the rental company and law enforcement investigation to maintain damage waiver coverage

Applies only to rental agreements entered into on or after September 1, 2025; existing agreements remain governed by prior law