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TexasSB 51289th Legislature Regular SessionSenateWALLET

Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty.

Sponsored By: Lois Kolkhorst (Republican), Mike Schofield

Signed by Governor

Business & Commerce--GeneralCivil Remedies & LiabilitiesFinancial--General

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Money transfer customers protected from contract fines

Texas-licensed money transfer companies cannot include fines or money penalties for breaking their terms of service. This protection covers agreements entered into on or after September 1, 2025; earlier agreements remain under prior law. Companies can still close accounts for violations if they refund the remaining balance and make the money readily available. A company that imposes a banned fine owes Texas a civil penalty of three times that amount, besides other available relief. The attorney general can sue to collect that penalty, plus attorney’s fees and court costs.

Sponsors & Cosponsors

Sponsors

  • Lois Kolkhorst

    Republican • Senate

  • Mike Schofield

    House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 472 • No: 0

Senate vote • 5/30/2025

Record vote

Yes: 30 • No: 0

House vote • 5/27/2025

Record vote

Yes: 140 • No: 0

House vote • 5/26/2025

Record vote

Yes: 137 • No: 0

House vote • 5/26/2025

Record vote

Yes: 146 • No: 0

Senate vote • 4/28/2025

Record vote

Yes: 0 • No: 0

Senate vote • 4/28/2025

Record vote

Yes: 0 • No: 0

Senate vote • Unknown

Committee vote: Business & Commerce

Yes: 11 • No: 0

House vote • Unknown

Committee vote: Pensions, Investments & Financial Services

Yes: 8 • No: 0

Actions Timeline

  1. Effective on 9/1/25

    6/20/2025House

  2. Signed by the Governor

    6/20/2025House

  3. Sent to the Governor

    6/1/2025House

  4. Signed in the House

    6/1/2025House

  5. Signed in the Senate

    5/31/2025Senate

  6. Senate concurs in House amendment(s)-reported

    5/31/2025House

  7. Reported enrolled

    5/30/2025Senate

  8. Record vote

    5/30/2025Senate

  9. Senate concurs in House amendment(s)

    5/30/2025Senate

  10. Read

    5/30/2025Senate

  11. House amendment(s) laid before the Senate

    5/30/2025Senate

  12. House passage as amended reported

    5/27/2025Senate

  13. Statement(s) of vote recorded in Journal

    5/27/2025House

  14. Record vote (RV#3650)

    5/27/2025House

  15. Passed

    5/27/2025House

  16. Read 3rd time

    5/27/2025House

  17. Statement(s) of vote recorded in Journal

    5/26/2025House

  18. Record vote (RV#3594)

    5/26/2025House

  19. Passed to 3rd reading as amended

    5/26/2025House

  20. Statement(s) of vote recorded in Journal

    5/26/2025House

  21. Record vote (RV#3593)

    5/26/2025House

  22. Amended (1-Schofield)

    5/26/2025House

  23. Read 2nd time

    5/26/2025House

  24. Placed on General State Calendar

    5/24/2025House

  25. Considered in Calendars

    5/22/2025House

Bill Text

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