Texas · 89th Legislature (2025) · Bill

SB 512: Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty.

Enacted Last action June 20, 2025: Effective on 9/1/25

Plain-language summary

SB 512 is a bill introduced in the Texas Senate on November 25, 2024. According to its official title, it concerns: Relating to prohibiting the imposition of a monetary fine or penalty for a violation of a money services business's terms of service agreement; providing a civil penalty. Primary sponsor: Lois Kolkhorst (Republican), Mike Schofield (Republican). Most recent recorded action (June 20, 2025): Effective on 9/1/25.

Sponsors

Primary sponsors: Lois Kolkhorst (Republican); Mike Schofield (Republican).