Texas Finance Code
§ 342.604 — MILITARY BORROWER
FI § 342.604Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. M. DEFERRED PRESENTMENT TRANSACTIONS
Statute text
View on source(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.
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Legislative history
Acts 2017, 85th Leg., R.S., Ch. 835 (H.B. 2008), Sec. 1, eff. September 1, 2017.