HB 3002
AN ACT relating to requiring debt collectors to provide certain
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Requires debt collectors to include detailed consumer rights information with all written communications about debt collection, such as explaining rights under the Fair Debt Collection Practices Act and local Texas regulations. Specifically, debt collectors must disclose the consumer's rights to request debt verification, request communication cessation, and information about potential settlement agreements that could remove negative credit reporting. When sending electronic communications, debt collectors must also include a direct link to the Texas Attorney General's website with consumer debt information.
Subject Areas
Bill Text
relating to requiring debt collectors to provide certain BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 392, Finance Code, is amended by adding Subchapter D-1 to read as follows: SUBCHAPTER D-1. REQUIRED CONSUMER DISCLOSURES Sec. 392.351. DEFINITIONS. In this subchapter, "consumer reporting agency" and "consumer report" have the meanings assigned by Section 20.01, Business & Commerce Code. Sec. 392.352. REQUIRED CONSUMER DISCLOSURES FOR WRITTEN COMMUNICATIONS BY DEBT COLLECTORS. (a) A debt collector shall include with any written communication with a consumer relating to debt collection a written notice disclosing to the consumer: (1) a summary of the consumer's rights, protections, (A) the Fair Debt Collection Practices Act (15 U.S.C. Section 1692 et seq.), including: (i) the consumer's right to request debt (ii) the consumer's right to request in writing that the debt collector cease further communication with (iii) restrictions governing a debt collector's ability to contact a consumer concerning a debt; and (B) this chapter, including the prohibited debt collection methods under Subchapter D; and (2) whether the creditor to whom the consumer debt is owed is amenable to entering into a settlement agreement with the consumer under which the consumer agrees to pay all or part of the debt and the creditor agrees to cease collection efforts and take necessary action to have a consumer reporting agency remove negative information regarding the debt from the consumer's (b) The attorney general may make available on the attorney general's Internet website a notice that: (1) complies with Subsection (a); and (2) may be downloaded or copied by a debt collector for inclusion with any written communications sent by the debt Sec. 392.353. REQUIRED DISCLOSURE OF INTERNET LINK IN ELECTRONIC COMMUNICATIONS BY DEBT COLLECTORS. A debt collector that sends an electronic communication to a consumer in an attempt to collect a debt shall include with the communication a link to the attorney general's Internet website page about consumers' debt SECTION 2. This Act takes effect September 1, 2025.
Bill History
Bill filed: AN ACT relating to requiring debt collectors to provide certain
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