Archive

Go to:

November 2017
SMTWTFS
1234
567891011
12131415161718
19202122232425
2627282930
< Oct Dec >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

Texas CU Association Works for Lienholders Rights in HB 1757
Monday, April 10, 2017 6:40 AM

The Texas House Homeland Security and Public Safety Committee heard HB 1757, by Rep. Tom Oliverson (R-Cypress), legislation that will allow law enforcement officers to impound a vehicle if a driver does not have a valid driver license and some form of liability coverage.

The Texas Credit Union Association testified before the committee, requesting amendments to the bill to clarify notice to lienholders and allow recovery of the collateral before the 60 days currently in the bill. Concerns were raised about credit unions having to pay 60 days of storage fees in order to recover their collateral if the owner fails to recover the vehicle.

Oliverson said he drafted the bill after researching statistics and learning that around 1 in 4 lives lost on Texas roadways are attributable to drivers who did not have a valid driver license.

In addition, in the event of an accident, drivers without required liability coverage place a financial burden on drivers who do carry liability coverage. Current law only allows for law enforcement officers to ticket unlicensed drivers. The Texas Credit Union Association is working with Oliverson to address the lienholder issues with the bill.

The bill was left pending.

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