Texas Finance Code

§ 342.407 — REQUIREMENTS FOR INCLUDING INSURANCE CHARGE IN CONTRACT

FI § 342.407Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. I. INSURANCE

Statute text

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Insurance for which a charge is included in a loan contract must be written:

(1)at lawful rates;

(2)in accordance with the Insurance Code; and

(3)by a company authorized to do business in this state.

Legislative history

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.