Who would this legislation affect? Not people who pay cash for cars, but the middle class who finance the purchase of their vehicle. Wouldn’t that “reasonable fee” INCREASE the total purchase price of the car bought by that middle class consumer?
Lastly, the debt cancellation agreement applies should the automobile be involved in a total loss (accident or natural disaster, I’d assume) or theft. Hello? Car accident? Theft? Natural disaster? Flood? Hurricane? Higher automobile insurance rates as a result of that total loss or theft?
Oh and aren’t Texas liability coverage requirements going up again on January 1?
This is a middle class and consumer un-friendly law, designed to increase the costs associated with automobile ownership and operation for middle class families and be “business friendly” to insurance companies and car dealers.
BTW, this Texas House Democrat is in the automobile insurance industry.
Thanks Senator Harris.
Chris Harris holds a 62 percent rating of support for Americans For Prosperity- Texas.
