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Committee Action in Texas Legislature Week of April 10
Monday, April 10, 2017 6:55 AM

The House Business and Industry Committee will meet Monday to hear HB 2832 by Rep. Rene Oliveira (D-Brownsville), which would require a property owner that intends to authorize another person to pay the property taxes to provide notice of intent to the current mortgage servicer at least 10 days prior to transferring the tax lien. The committee will also hear HB 1801 by Rep. César Blanco (D-El Paso), which would prohibit discrimination by employers against military personnel or veterans.

SB 1875 by Sen. Juan Hinojosa (D-McAllen) is scheduled to be heard in Senate Finance Committee on Monday. It requires new reports by the eight self-directed semi-independent agencies (SDSI), including the Texas Credit Union Department.

HB 2816 by Rep. Ina Minjarez (D-San Antonio) is set for a hearing Monday in the House Licensing and Administrative Procedures Committee. This bill adds a "depreciation benefit optional member program" (DBOMP) to the definition of a service contract. A DBOMP is a service contract sold as part of the motor vehicle installment contract or commercial motor vehicle installment contract that pays to the holder, as a credit toward the purchase of a replacement vehicle at a participating dealer, an amount less than or equal to the difference between the purchase price and actual value for a total constructive loss. This differs from GAP insurance, which funds the difference between the remaining loan balance and the total loss value of a vehicle in situations where the borrower owes more money on the loan than the collateral is worth.

Credit unions that are involved in indirect lending may end up funding these kinds of service contracts or may provide this kind of service contract through a CUSO. In either instance, the credit union will want to make sure that the provider is properly registered with the state and is complying with applicable laws related to service providers if the bill is enacted.

Tuesday, the House Homeland Security and Public Safety Committee will hear HB 899 by Rep. Poncho Nevarez (D-Eagle Pass), which would reduce the size of signs prohibiting carrying of guns on a business's premises.

The House Judiciary and Civil Jurisprudence Committee has set a hearing with Rep. Jessica Farrar (D-Houston) on HB 1873, which provides for transfer on death the title to a motor vehicle without having to go through probate. The owner can register a beneficiary on the title allowing transfer on death. A lienholder's security interest and protections remain intact upon transfer of title.

The House Investments and Financial Services Committee will meet Tuesday on the bills addressing financial elder abuse, including HB 3224 by Rep. Mary Ann Perez (D-Houston), HB 3503 by Rep. Shawn Thierry (D-Houston), HB 3921 by Rep. Tan Parker (R-Flower Mound), and HB 3972 Rep. Eric Johnson (D-Dallas).

SB 1062 by Sen. Charles Perry (R-Lubbock) is scheduled for a hearing in the Senate Transportation Committee Wednesday. The bill would require the department to provide electronic forms for a secure power of attorney and a secure reassignment form (car dealers). The bill states that it does not require the department to certify an electronic signature process or vendor before accepting an electronic form. There has been a delay from the department in moving forward with electronic forms, so the bill could expedite developments in this area. 

HB 1693 by Rep. Jay Dean (R-Longview) is the companion to SB 1062 and set to be heard in the House Transportation Committee Thursday.

For more information, please contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 or jhuffman@txcua.coop.