New legislation adds flexibility for RSCsNew legislation adds flexibility for RSCshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=170352017-07-07T05:00:00Z2017-07-07T16:00:00Z

​​​​AUSTIN – Gov. Abbott has signed HB 2279, amending Chapter 1303, which regulates residential service companies (RSC), the providers of home warranty services.

According to the Texas Real Estate Commission, the bill "accounts for the difference between RSCs that insure all of their outstanding risk through a third party insurance company and those that maintain a funded reserve. The bill simplifies certain regulatory requirements for fully insured RSCs and streamlines the contract and rate-filing requirements for RSCs that are​​​ already licensed in Texas."

The bill, which takes effect Jan. 1, 2018, clarifies the agency’s jurisdiction, enhances confidentiality provisions currently in statute, and increases certain consumer protections. 

Texas Real Estate Commission
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