H.B. No. 4738 amends the Finance Code to eliminate the requirement for lenders to remit a portion of certain loan administration fees to the comptroller. Specifically, the bill removes the stipulation that one dollar of each administrative fee collected for loans over $1,000 and fifty cents for loans of $1,000 or less be deposited with the comptroller for the finance commission's responsibilities. The bill maintains that the administrative fee is considered earned when the loan is made or refinanced and is not subject to refund, with restrictions on how often lenders can charge this fee within specified timeframes.

The changes made by this Act will not affect any tax liabilities that accrued before its effective date of January 1, 2026, ensuring that previous laws remain in effect for the collection and enforcement of those taxes. The bill received unanimous support in both the House and Senate, indicating broad legislative agreement on the proposed changes.

Statutes affected:
Introduced: Finance Code 342.201, Finance Code 342.308 (Finance Code 342)
House Committee Report: Finance Code 342.201, Finance Code 342.308 (Finance Code 342)
Engrossed: Finance Code 342.201, Finance Code 342.308 (Finance Code 342)
Senate Committee Report: Finance Code 342.201, Finance Code 342.308 (Finance Code 342)
Enrolled: Finance Code 342.201, Finance Code 342.308 (Finance Code 342)