Bill > HB3002

This bill adds a new subchapter to the Texas Finance Code that requires debt collectors to provide enhanced consumer disclosures in their written and electronic communications. Specifically, debt collectors must include a written notice with any communication that summarizes consumers' rights under the Fair Debt Collection Practices Act, including the right to request debt validation, the right to request that the collector stop communicating with them, and restrictions on collector contact methods. The notice must also outline protections under Texas law and disclose whether the original creditor is willing to enter a settlement agreement that would potentially remove negative credit reporting. For electronic communications, debt collectors must include a link to the attorney general's website page about debt collection rights. The attorney general is authorized to create and make available a standardized notice that debt collectors can download and use. The bill is set to take effect on September 1, 2025, giving debt collectors time to prepare for and implement these new disclosure requirements.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB3002