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. Specifically, 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 modifies the existing exemptions related to real property sales, specifying conditions under which these transactions are exempt, such as representation by a licensed attorney or negotiation by a licensed real estate broker.

The changes introduced by this bill will only apply to consumer transactions occurring on or after its effective date of September 1, 2025. Transactions that take place before this date will continue to be governed by the previous law, ensuring a smooth transition for consumers and businesses alike.

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