16-17-9. Special provisions for borrowers who are members of the military or their respective spouses.

In addition to the other obligations and duties required under this chapter, if the customer is a member of the military services of the United States or a spouse of a member of the military services of the United States, the following duties and obligations apply to any payday lender:#

1. (1)

   The lender is prohibited from garnishment of any military wages or salaries;#

2. (2)

   The lender is prohibited from conducting any collection activity against a military customer or his or her spouse when the military member has been deployed to a combat or combat support posting for the duration of the deployment;#

3. (3)

   The lender is prohibited from contacting the commanding officer of a military customer in an effort to collect on a loan to the military member or his or her spouse;#

4. (4)

   The lender agrees to be bound by the terms of any repayment agreement that it negotiates through military counselors or third-party credit counselors; and#

5. (5)

   The lender agrees to honor any statement or proclamation by a military base commander that a specific payday lender branch location has been declared off limits to military personnel and their spouses.#

If the customer is a member of the military services of the United States or a spouse of a member of the military services of the United States, the following disclosures shall be made in writing by the payday lender:#

1. (1)

   A notice that the lender is prohibited from garnishment of any military wages or salaries;#

2. (2)

   A notice that the lender is prohibited from conducting any collection activity against a military customer or his or her spouse when the military member has been deployed to a combat or combat support posting for the duration of the deployment;#

3. (3)

   A notice that the lender is prohibited from contacting the commanding officer of a military customer in an effort to collect on a loan to the military member or his or her spouse;#

4. (4)

   A notice that the lender agrees to be bound by the terms of any repayment agreement that it negotiates through military counselors or third-party credit counselors; and#

5. (5)

   A notice that the lender agrees to honor any statement or proclamation by a military base commander that a specific payday lending branch location has been declared off limits to military personnel and their spouses.#