No higher price for paying with your own money either.
The bill bars car dealers from charging a higher price to buyers who pay with their own money or bring a loan from an outside lender. It also bars dealers from refusing those payment methods and from making false or misleading statements that conflict with these rules. Car buyers and retail motor vehicle sellers are affected for agreements made on or after September 1, 2025.
Labels
Labels: ZOMBIE BILL. Died 2 times: 88R SB 1464 (Did not pass) and this bill (Died in committee). Checked against 88R only.DO-OVER. Reworked text of a bill filed before that died: 88R SB 1464 (Did not pass). Filed in 2 sessions, counting this one. Checked against 88R only.TRY NO. 2. Filed in 2 sessions: 88R and 89R. Checked against 88R only.PENDING FOREVER. Heard by the Senate Business & Commerce committee on May 1, 2025 and left pending. Never voted out. The bill died.
relating to prohibiting a retail seller of motor vehicles from
imposing certain restrictions on the purchase of a motor vehicle.
WHAT IT DOES
No higher price for paying with your own money either.
The bill bars car dealers from charging a higher price to buyers who pay with their own money or bring a loan from an outside lender. It also bars dealers from refusing those payment methods and from making false or misleading statements that conflict with these rules. Car buyers and retail motor vehicle sellers are affected for agreements made on or after September 1, 2025.
CHARGES
[ ] NONE FOUND
TOTAL
No significant fiscal implication to the State is anticipated.
89R1347 SRA-D
By: West
S.B. No. 229
A BILL TO BE ENTITLED
AN ACT
relating to prohibiting a retail seller of motor vehicles from
imposing certain restrictions on the purchase of a motor vehicle.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter E, Chapter 348, Finance Code, is
amended by adding Section 348.415 to read as follows:
Sec. 348.415. RESTRICTIONS ON MOTOR VEHICLE PURCHASES
FUNDED OR FINANCED USING PROSPECTIVE BUYER'S OWN MONEY OR
THIRD-PARTY FINANCING PROHIBITED. (a) A retail seller may not
increase the sale price of a motor vehicle for a prospective buyer
who purchases a motor vehicle with:
(1) the prospective buyer's own money; or
(2) a loan from a third-party lender who is neither the
retail seller nor affiliated with the retail seller.
(b) A retail seller may not prohibit a prospective buyer
from paying the sale price at the time of sale with:
(1) the prospective buyer's own money; or
(2) a loan from a third-party lender who is neither the
retail seller nor affiliated with the retail seller.
(c) A retail seller may not make a false or misleading
representation that is inconsistent with this section.
SECTION 2. The changes in law made by this Act apply only to
an agreement entered into on or after the effective date of this
Act.
SECTION 3. This Act takes effect September 1, 2025.