HB700 — Relating to disclosures for certain commercial sales-based financing transactions, the effect of certain commercial sales-based financing contract provisions, and the registration of commercial sales-based financing brokers and providers; authorizing a fee and providing a civil penalty.

HB700 — Relating to disclosures for certain commercial sales-based financing transactions, the effect of certain commercial sales-based financing contract provisions, and the registration of commercial sales-based financing brokers and providers; authorizing a fee and providing a civil penalty. · Informed CitizenryHB 700 adds Chapter 398 to the Texas Finance Code to regulate commercial sales-based financing transactions and the registration of commercial sales-based financing brokers. The bill defines key te…Open in Informed Citizenry