Texas Finance Code
§ 345.202 — CREDIT LIFE, CREDIT HEALTH AND ACCIDENT, AND CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE
FI § 345.202Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 345. RETAIL INSTALLMENT SALES · Art. E. INSURANCE
Statute text
View on source(a)As additional protection for the contract or agreement, a holder may:
(1)request or require a retail buyer to provide credit life insurance and credit health and accident insurance; and
(2)request or allow a retail buyer to provide credit involuntary unemployment insurance.
(b)A holder may include the cost of insurance provided under Subsection (a) as a separate charge in the contract or agreement.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.