Texas HB4830 amends the regulation of service contracts and service contract providers and administrators.

Texas HB4830 amends the Occupations Code to regulate service contracts and service contract providers and administrators. It defines "service contract" and "consumer" and specifies what agreements are not considered service contracts. The bill mandates that providers give service contract holders a receipt and a copy of the contract. It restricts who can sell service contracts and requires providers to maintain records and ensure repairs are performed by licensed professionals. The bill also sets a minimum security deposit for residential service contract providers and outlines exemptions.

Texas HB4830 amends the regulation of service contracts and service contract providers and administrators.

Texas HB4830 amends the Occupations Code to regulate service contracts and service contract providers and administrators. It defines "service contract" and "consumer" and specifies what agreements are not considered service contracts. The bill mandates that providers give service contract holders a receipt and a copy of the contract. It restricts who can sell service contracts and requires providers to maintain records and ensure repairs are performed by licensed professionals. The bill also sets a minimum security deposit for residential service contract providers and outlines exemptions.