HB2651 • 2025

Prohibits a person from charging as the sum of specified fees more than $150 or one half of one percent of the amount of a consumer finance loan made for the purpose of purchasing a motor vehicle or one half of one percent of cash sale price of the motor vehicle.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Evans
Last action: 2025-06-27
Official status: In House Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 House
In committee upon adjournment.
2025-01-17 House
Referred to Commerce and Consumer Protection.
2025-01-13 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: Says a person may not charge for a loan used to buy a car, or lease a car, fees that are more than the greater of $150 or one half of one percent of the loan amount or car price. (Flesch Readability Score: 68.2).
Prohibits a person from charging as the sum of specified fees more than $150 or one half of one percent of the amount of a consumer finance loan made for the purpose of purchasing a motor vehicle or one half of one percent of cash sale price of the motor vehicle. Applies the prohibition to retail installment sales and retail leases of motor vehicles.
Relating to: Relating to fees charged in connection with consumer finance loans for purchasing motor vehicles.
Current location: In House Committee