The bill amends Section 601.002(b) of the Business & Commerce Code to clarify the types of consumer transactions that are exempt from certain regulations. Notably, it adds new exemptions for service contracts regulated under Chapter 1304 of the Occupations Code and for sales of services that can be canceled by the consumer at any time, provided that the right to cancel is communicated in writing. Additionally, it specifies that the sale of real property is exempt if the purchaser is represented by a licensed attorney, the transaction is negotiated by a licensed real estate broker, or it occurs at a location other than the consumer's residence.

The changes in law will only apply to consumer transactions occurring on or after the effective date of September 1, 2025, meaning that transactions prior to this date will continue to be governed by the existing law. This ensures a smooth transition and clarity for both consumers and businesses regarding their rights and obligations under the new regulations.

Statutes affected:
Introduced: Commerce Code 601.002 (Commerce Code 601)