(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.

Terms Used In Texas Finance Code 342.604

  • Dependent: A person dependent for support upon another.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005

(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. § 987 and any regulations adopted under that law, to the extent applicable.