HB3466 - Relating to the cancellation of certain consumer transactions.

  89R3227 SRA-F     By: Bell of Kaufman, DeAyala, Dean, Longoria, H.B. No. 3466       Lopez of Cameron       A BILL TO BE ENTITLED   AN ACT   relating to the cancellation of certain consumer transactions.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 601.002(b), Business & Commerce Code, is   amended to read as follows:          (b)  Notwithstanding Subsection (a), this chapter does not   apply to:                (1)  a purchase of farm equipment;                (2)  an insurance sale regulated by the Texas   Department of Insurance;                (3)  a sale of goods or services made:                      (A)  under a preexisting revolving charge account   or retail charge agreement; or                      (B)  after negotiations between the parties at a   business establishment in a fixed location where goods or services   are offered or exhibited for sale; [ or ]                (4)  a sale of real property if:                      (A)  the purchaser is represented by a licensed   attorney;                      (B)  the transaction is negotiated by a licensed   real estate broker; or                      (C)  the transaction is negotiated at a place   other than the consumer's residence by the person who owns the   property ;                 (5)     a service contract regulated under Chapter 1304,   Occupations Code, by the Texas Department of Licensing and   Regulation; or                 (6)  a sale of a service if:                       (A)     the service is cancellable by the consumer at   any time; and                       (B)     the right to cancel the service is provided   to the consumer in writing .          SECTION 2.  The changes in law made by this Act apply only to   a consumer transaction that occurs on or after the effective date of   this Act. A consumer transaction that occurs before the effective   date of this Act is governed by the law in effect on the date the   transaction occurred, and the former law is continued in effect for   that purpose.          SECTION 3.  This Act takes effect September 1, 2025.