Texas Finance Code

§ 345.213 — INCLUSION OF INSURANCE PREMIUMS

FI § 345.213Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 345. RETAIL INSTALLMENT SALES · Art. E. INSURANCE

Statute text

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A retail seller may include any type of insurance premium in the billing of its accounts if:

(1)a charge, other than the premium, is not made to the retail buyer in connection with that inclusion; and

(2)a charge is not made and a premium is not charged under a retail credit agreement when there is no monthly balance or the monthly balances are paid in full.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.