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