House Bill 3033

House Bill 3033

by The CAB Man Texas on March 8, 2013

HB 3033:

This bill was authored by Rodriguez of Travis County, and is “relating to the confidentiality of information contained in credit access business license applications.”

HB 3033 wants to amend Section 393.604 of the Texas Finance Code, which is the section of the code that outlines what information will be needed for the application with the OCCC for a Credit Access Business license.

The proposed amendment would make the information contained in the CAB applications public. In late 2012, Texas Appleseed attempted to access Third Party Lender application information contained on Schedule B of every CAB application. Schedule B contains the name, phone #, and address of the Third Party Lender(s) for each licensees location.

There was some push back by CABs and Third Party Lenders to the Texas Appleseed request, and the release of some of the information is still pending. It is apparent that the information is being sought after through legislative methods rather than simply viewing the contracts that are in use with consumers.

Would go into effect on 9-1-2013.

Click here for a PDF of HB 3033! HB.3033

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