Bill Text: TX HB2008 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Introduced.html
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-Introduced.html
| 85R8579 GRM-D | ||
| By: Cosper | H.B. No. 2008 | |
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| 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. | ||
