Bill > HB5433

This bill modifies the Texas Business & Commerce Code to place additional restrictions on consumer reporting agencies regarding the information they can include in consumer reports. Specifically, the bill prohibits consumer reporting agencies from reporting records of arrest, charge, or indictment for alleged crimes that did not result in a conviction or deferred adjudication community supervision. The bill maintains existing limitations on reporting other types of negative information, such as bankruptcies (which can be reported up to 10 years), civil suits and judgments (up to 7 years), tax liens (up to 7 years), and criminal convictions (up to 7 years). The bill also preserves an existing provision that protects consumers from reporting medical collection accounts when they were covered by health insurance at the time of the medical service. The legislation would take effect immediately if it receives a two-thirds vote in the Texas Legislature, or otherwise on September 1, 2025. The primary goal of the bill appears to be protecting consumers from having unproven or dismissed criminal allegations permanently damage their credit reports.

Business and Industry

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5433