SB 1906
Creighton’s bill raising consumer loan interest rates
Died in committee
Verdict: No flags
Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade
Caption
relating to increasing the interest rate of certain consumer loans.
Caption from analyzed text · version I.
Summary
Higher top rates on loans not secured by a home. Says so right there.
This bill raises the top interest rates that lenders may charge on certain consumer loans not secured by a home or other real property. It affects lenders making these loans under the consumer loan chapter of the Finance Code and the borrowers who take them out, with caps rising from 30 to 36 percent, 24 to 30 percent, and 18 to 24 percent across the three loan-size tiers. Starting September 1, 2025, new loans can carry the higher rates, while loans made before that date, including later refinances or renewals of them, stay under the old caps.
Labels
Labels: PENDING FOREVER. Heard by the Senate Business & Commerce committee on Apr 24, 2025 and left pending. Never voted out. The bill died.
Receipt
The receipt
89R-SB1906 · 2025-03-05
SOLD BY
ITEM
relating to increasing the interest rate of certain consumer loans.
WHAT IT DOES
Higher top rates on loans not secured by a home. Says so right there.
This bill raises the top interest rates that lenders may charge on certain consumer loans not secured by a home or other real property. It affects lenders making these loans under the consumer loan chapter of the Finance Code and the borrowers who take them out, with caps rising from 30 to 36 percent, 24 to 30 percent, and 18 to 24 percent across the three loan-size tiers. Starting September 1, 2025, new loans can carry the higher rates, while loans made before that date, including later refinances or renewals of them, stay under the old caps.
CHARGES
[ ] NONE FOUND
TOTAL
No fiscal implication to the State is anticipated.
LBB estimate · fiscal note version I · source
Sources
Fiscal note · version I · April 23, 2025
No first-year general revenue figure available here.
LBB published estimates · flow over the stated periods.
Source snapshot 2026-10-19, Central time.
HISTORY
- Received by the Secretary of the Senate
- Filed
- Read first time
- Referred to Business & Commerce
- Scheduled for public hearing on . . .
- Considered in public hearing
- Testimony taken in committee
- Left pending in committee
FILED UNDER
No verified beat found.
THANK YOU FOR CHECKING THE RECEIPT
CAMPAIGN PAID FOR BY
CAMPAIGN PAID FOR BY
Donors
Donors report through Friends of Brandon Creighton.
Not tied to this bill.
Sources
The author's campaign account only. Own money and internal transfers are separate on the member page.
$0 raised since Jul 1, 2024. Derived sum of published report totals. blank in the state's data, consistent with zero. Flow, Jul 1, 2024 through Jun 30, 2026. State filing data as of Nov 4, 2026. 4 of 4 filed reports carry a published figure.
Report 101060909: Published total from the filed report. Retrieved Oct 29, 2026. Filed report 101060909
$0 spent Jan 1, 2026 to Jun 30, 2026. Published total from the filed report. Flow, Jan 1, 2026 through Jun 30, 2026. State filing data as of Nov 4, 2026. 1 of 1 filed reports carry a published figure.
Report 101060909: Published total from the filed report. Retrieved Oct 29, 2026. Filed report 101060909
$0 cash on hand. Published report total. Stock, as of Jun 30, 2026. State filing data as of Nov 4, 2026.
$0 loans outstanding. Published report total. Stock, as of Jun 30, 2026. State filing data as of Nov 4, 2026.
Derived sum of itemized contributions in regular reports and uncovered special-session dates. Unitemized contributions are not included. Flow, Jul 1, 2024 through Jun 30, 2026. State filing data as of Nov 4, 2026.
MoneyMissing data does not establish zero giving. Display amounts are rounded.
Votes
No floor vote loaded for this bill.
Fiscal
No fiscal implication to the State is anticipated.
LBB estimate · fiscal note version I · source
Sources
Fiscal note · version I · April 23, 2025
No first-year general revenue figure available here.
LBB published estimates · flow over the stated periods.
Source snapshot 2026-10-19, Central time.
How this was graded
Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.
Sources
Texas Senate · Filed Mar 5, 2025
04/24/2025 S Left pending in committee
Texas Legislature Online · Introduced
Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
Senate committee · Business & Commerce · Final status: Died in committee
Companion
HB 4339 by Lambert (identical)
Subjects
Business & Commerce--General
Financial--General
Financial--Savings & Loans
LOANS
Text
The text as introduced · 312 words
89R6240 MLH-D By: Creighton S.B. No. 1906 A BILL TO BE ENTITLED AN ACT relating to increasing the interest rate of certain consumer loans. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 342.201(e), Finance Code, is amended to read as follows: (e) A loan contract under this chapter that is not secured by real property may provide for a rate or amount of interest computed using the true daily earnings method or the scheduled installment earnings method that does not exceed: (1) 36 [ 30 ] percent a year on that part of the cash advance that is less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference base amount of $500; (2) 30 [ 24 ] percent a year on that part of the cash advance that is more than the amount computed for Subdivision (1) but less than or equal to an amount computed under Subchapter C, Chapter 341, using the reference base amount of $1,050; and (3) 24 [ 18 ] percent a year on that part of the cash advance that is more than the amount computed for Subdivision (2) but less than or equal to an amount computed under Subchapter C, Chapter 341, using the reference base amount of $2,500. SECTION 2. The change in law made by this Act applies only to a loan made on or after the effective date of this Act. A loan made before the effective date of this Act is governed by the law in effect on the date the loan was made, and the former law is continued in effect for that purpose. For purposes of this section, a refinance or renewal of a loan is considered made on the date the loan being refinanced or renewed was made. SECTION 3. This Act takes effect September 1, 2025.