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Senate hears debate over bill to bar dealers from forcing dealership financing
Summary
Senator West explained a bill to prohibit motor vehicle sellers from conditioning sales on dealer-provided financing; the committee took public testimony from dealers, credit-union advocates and consumer representatives and left the bill pending.
Senator West told the Senate Committee on Business & Commerce that his bill would amend the Texas Finance Code to prohibit motor-vehicle sellers from conditioning a sale on acceptance of dealer-offered financing and from adding fees when buyers use third‑party financing.
Under the bill, Senator West said, a retail dealer could not increase the cash sale price if a buyer pays in cash or with a third‑party loan and could not prevent a buyer from paying the advertised cash sale price with their own funds…
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