Tex. Fin. Code § 342.604 · Subchapter M. DEFERRED PRESENTMENT TRANSACTIONS
MILITARY BORROWER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A lender may not engage in collection activity against a borrower who is:
(1) a member of the armed forces of the United States who is deployed to combat or a combat support posting, for the duration of the posting;
(2) a member of the Texas National Guard who is called to federal active duty, for the duration of the duty;
(3) the spouse of a person described by Subdivision (1), for the duration of the posting; or
(4) the spouse of a person described by Subdivision (2), for the duration of the duty.
(b) A lender may not garnish the wages of a borrower who is a member of the United States military or the member's spouse.
(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.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 394 (S.B. 1479), Sec. 1, eff. September 1, 2005.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 835 (H.B. 2008), Sec. 1, eff. September 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm
- Text hash
- sha256 f2b53d6569e0c45d7d7025c0d58445c0681d0e3c4c044135b7aac08544357cee
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.