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By: Cosper, Bernal, Craddick |
H.B. No. 2008 |
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(Senate Sponsor - Buckingham) |
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(In the Senate - Received from the House May 8, 2017; |
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May 9, 2017, read first time and referred to Committee on Veteran |
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Affairs & Border Security; May 18, 2017, reported favorably by the |
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following vote: Yeas 7, Nays 0; May 18, 2017, sent to printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to deferred presentment transactions made to military |
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borrowers. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 342.604, Finance Code, is amended by |
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adding Subsection (c) to read as follows: |
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(c) A lender who engages in a deferred presentment |
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transaction with a member of the United States military or a |
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dependent of a member of the United States military must comply with |
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10 U.S.C. Section 987 and any regulations adopted under that law, to |
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the extent applicable. |
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SECTION 2. This Act takes effect September 1, 2017. |
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* * * * * |