TEXAS CREDIT LETTER Published Weekly by the Texas Office of Consumer Credit Commissioner • 2601 N Lamar Blvd • Austin, TX 78705-4207 Volume 26, Number 34, February 21, 2007 ISSN 0738-6877 Subscription $50.00/Year NOTICE OF RATE CEILINGS The Consumer Credit Commissioner of Texas has ascertained the following rate ceilings by use of the formulas and methods described in Sections 303.003, 303.009, and 304.003, TEX. FIN. CODE. Effective Period Consumer (1)/Agricultural/ Commercial (2) Types of Rate Ceilings (Dates are Inclusive) Commercial(2) thru $250,000 over $250,000 Weekly Rate - Sec. 303.003 and 303.009, TEX. FIN. CODE 02/26/07-03/04/07 18.00% 18.00% Judgment Rate - Sec. 304.003, TEX. FIN. CODE 03/01/07-03/31/07 8.25% 8.25% (1) Credit for personal, family, or household use. (2)Credit for business, commercial, investment, or other similar purpose. Issued in Austin, Texas this the 20th day of February 2007. Report on Legislation Status: 02/21/07 H=House S=Senate HB 732—Krusee—Relating to the effect of electronic or original signatures in certain documents-02/20/07 H Business and Industry Committee action pending HB 923—Truitt—Relating to the persons to whom an assessor for a taxing unit is required to mail an ad valorem tax bill-02/19/07 H Local Government Ways and Means Committee action pending HB 981—Veasey—Relating to the use of credit scoring in certain lines of personal insurance-02/12/07 H Introduced and referred to H Insurance Committee HB 1046—Flores—Relating to the prohibition on participating in the lending of credit by a credit services organization that assists a borrower in obtaining the credit-02/12/07 H Introduced and referred to H Financial Institutions Committee HB 1057—Parker—Relating to the disclosure of a prepayment penalty for a home loan-02/12/07 H Introduced and referred to H Financial Institutions Committee HB 1058—Parker—Relating to a credit card company's liability for the fraudulent use of unsolicited credit card checks sent by the company- 02/12/07 H Introduced and referred to H Financial Institutions Committee HB 1236—Elkins—Relating to the imposition of a surcharge for use of a credit card for certain purposes-02/26/07 H Meeting set for 10:00 a.m. or adjournment, E2.012, H Financial Institutions Committee HB 1246—Taylor—Relating to certain refund requirements regarding credit insurance-SAME AS SB 382-02/13/07 H Introduced and referred to H Insurance Committee HB 1260—Martinez—Relating to exempting certain military personnel from certain state and local government fees-02/14/07 H Introduced and referred to H Defense Affairs and State-Federal Relation Committee HB 1262—Martinez—Relating to civil liability for the breach of security of certain computerized data containing sensitive personal information-02/14/07 H Introduced and referred to H Business and Industry Committee HB 1344—Villarreal—Relating to the regulation of refund anticipation loans-02/14/07 H Introduced and referred to H Financial Institutions Committee HB 1353—Paxton—Relating to the contents and effect of a deed conveying property sold at an ad valorem tax sale-02/14/07 H Introduced and referred to H Local Government Ways and Means Committee HB 1452—Bohac—Relating to the right of a person to obtain a free credit report-02/19/07 H Introduced and referred to H Financial Institutions HB 1454—Bohac—Relating to the regulation of and information regarding property in the custody of a pawnbroker-SAME AS SB 341- 02/19/07 H Introduced and referred to H Financial Institutions HB 1460—Haggerty—Relating to the licensing, acquisition, and regulation of manufactured housing-02/20/07 H Introduced and referred to H Licensing and Administrative Procedures Committee HB 1555—Pickett—Relating to the correction of an error regarding the account of a credit card holder-02/15/07 H Filed SB 341—Ellis, Rodney—Relating to the regulation of and information regarding property in the custody of a pawnbroker-SAME AS HB 1454-02/14/07 S Introduced and referred to S Business and Commerce Committee SB 639—West, Royce—Relating to the rental of personal property under a rental agreement-02/14/07 S Filed SB 645—Ellis, Rodney—Relating to a study of residential foreclosure in certain counties-02/14/07 S Filed SB 650—Carona—Relating to prompt payment of contractors and subcontractors under a contract to improve real property-02/14/07 S Filed SB 753—Shapleigh—Relating to the regulation of a person who offers, services, or brokers a deferred presentment transaction-02/19/07 S Filed To inquire as to the status of a bill, call (512) 463-2182 or toll-free (877) 824-7038 or check Texas Legislature ONLINE at www.capitol.state.tx.us. Copies of legislation may be acquired by calling (512) 463-1144 for the House and (512) 463-0252 for the Senate.