88R7024 JES-D     By: Walle H.B. No. 2410       A BILL TO BE ENTITLED   AN ACT   relating to the repossession of a motor vehicle after default on a   motor vehicle title loan.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Chapter 393, Finance Code, is amended by adding   Subchapter G-1 to read as follows:   SUBCHAPTER G-1.  REPOSSESSION OF MOTOR VEHICLE AFTER DEFAULT          Sec. 393.651.  DEFINITIONS. In this subchapter, "credit   access business" and "motor vehicle title loan" have the meanings   assigned by Section 393.601.          Sec. 393.652.  APPLICABILITY. This subchapter applies only   to a motor vehicle title loan that a credit access business obtained   for a consumer or assisted a consumer in obtaining under this   chapter.          Sec. 393.653.  RESTRICTION ON COLLECTION OF DEFICIENCY   BALANCE AFTER REPOSSESSION SALE. Notwithstanding any other law, a   credit access business or other person who repossesses a motor   vehicle given as security for a motor vehicle title loan after a   default under the loan may not collect from the consumer any   deficiency resulting from the sale of the vehicle unless, before   the vehicle is repossessed, the consumer:                (1)  damages the vehicle; or                (2)  wrongfully fails, after default and demand, to   make the vehicle available to the lender or other person.          SECTION 2.  The changes in law made by this Act apply only to   a motor vehicle title loan entered into on or after the effective   date of this Act.          SECTION 3.  This Act takes effect September 1, 2023.