HB725
Financial services; open-end credit plans, promotional annual percentage rates.
Status:
In House
Latest Action:
Jan. 27, 2026
House: Subcommittee recommends striking from the docket (9-Y 0-N)
Chief Patron:
Jay Leftwich (R)
Session:
2026 Regular Session
Summary
As Introduced. Financial services; open-end credit plans; promotional annual percentage rates.
Requires any creditor that permits a consumer to apply more than one promotional annual percentage rate to an open-end credit contract or plan to apply any payment made by the consumer to the promotional balance, as defined in the bill, with the earliest expiration date unless otherwise expressly agreed in ... (More) writing by the parties. (Less)-
Bill History
- 01/13/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26102303D
- 01/13/2026 - House: Referred to Committee on Labor and Commerce
- 01/22/2026 - House: Assigned HCL sub: Subcommittee #1
- 01/23/2026 - House: Placed on Labor and Commerce Agenda
- 01/25/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB725)
- 01/27/2026 - House: Subcommittee recommends striking from the docket (9-Y 0-N)
