Electronic Payments of Retail Installment Contracts

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This idea didn't make it. It stopped moving and won't become a law this time.

Stage 4 of 6Stopped at first chamber

2
Sponsors: 4
Votes: Mar 13
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AI summary

Written by AI from the bill text. Check the official text before relying on it.

Description

Defining the terms "ACH payment" and "electronic payment"; authorizing holders of retail installment contracts and their agents to collect fees for processing electronic payments made by motor vehicle retail buyers under certain circumstances, etc.

Subjects

Commerce and TourismRulesBanking and InsuranceAppropriations Committee on Agriculture, Environment, and General Government

Progress

IntroducedDec 9, 2025
Sent to committeeDec 16, 2025
PassedFeb 19, 2026
FailedMar 13, 2026

From official state and federal legislative records. Informational only, not legal advice.