Monitoring the Session

SB 1906

Creighton’s bill raising consumer loan interest rates

Died in committee

Verdict: No flags

No flagsInitial review
Sen. Brandon CreightonRSenate 4

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

  1. Received by the Secretary of the Senate
  2. Filed
  3. Read first time
  4. Referred to Business & Commerce
  5. Scheduled for public hearing on . . .
  6. Considered in public hearing
  7. Testimony taken in committee
  8. Left pending in committee
FILED UNDER

No verified beat found.

No flags

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.

Money

Missing 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.