Bill Text: TX HB2008 | 2017-2018 | 85th Legislature | Enrolled


Bill Title: Relating to deferred presentment transactions made to military borrowers.

Spectrum: Bipartisan Bill

Status: (Passed) 2017-06-15 - Effective on 9/1/17 [HB2008 Detail]

Download: Texas-2017-HB2008-Enrolled.html
 
 
  H.B. No. 2008
 
 
 
 
AN ACT
  relating to deferred presentment transactions made to military
  borrowers.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 342.604, Finance Code, is amended by
  adding Subsection (c) to read as follows:
         (c)  A lender who engages in a deferred presentment
  transaction with a member of the United States military or a
  dependent of a member of the United States military must comply with
  10 U.S.C. Section 987 and any regulations adopted under that law, to
  the extent applicable.
         SECTION 2.  This Act takes effect September 1, 2017.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 2008 was passed by the House on May 6,
  2017, by the following vote:  Yeas 131, Nays 12, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 2008 was passed by the Senate on May
  19, 2017, by the following vote:  Yeas 29, Nays 2.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor       
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