The law takes effect Sept. 1, 2021.
7/2/2021 11:30
Texas Gov. Greg Abbott signed a new law (H.B. 3510) that will allow remote work for employees of entities licensed by the Texas Finance Commission.
The licensed entities include vehicle finance companies, traditional installment lenders and mortgage lenders. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers.
It also signals that more states are adopting remote work laws for financial services companies, following suit of Washington, Maryland, Minnesota, and Connecticut.
H.B. 3510 will take effect Sept. 1, 2021.