Texas SB1007 modifies consumer transaction cancellation rights, exempting certain transactions from cancellation laws.

Texas SB1007 amends the Business & Commerce Code to exclude specific types of consumer transactions from cancellation rights. These include purchases of farm equipment, insurance sales regulated by the Texas Department of Insurance, sales made under a preexisting revolving charge account or retail charge agreement, sales of real property under certain conditions, service contracts regulated by the Texas Department of Licensing and Regulation, and sales of services that are cancellable by the consumer at any time with written notice.

Texas SB1007 modifies consumer transaction cancellation rights, exempting certain transactions from cancellation laws.

Texas SB1007 amends the Business & Commerce Code to exclude specific types of consumer transactions from cancellation rights. These include purchases of farm equipment, insurance sales regulated by the Texas Department of Insurance, sales made under a preexisting revolving charge account or retail charge agreement, sales of real property under certain conditions, service contracts regulated by the Texas Department of Licensing and Regulation, and sales of services that are cancellable by the consumer at any time with written notice.