Texas Finance Code

§ 347.201 — PROPERTY INSURANCE

FI § 347.201Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 347. MANUFACTURED HOME CREDIT TRANSACTIONS · Art. E. INSURANCE

Statute text

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(a)A creditor may require a consumer to insure the property involved in a credit transaction with coverage designated by the creditor.

(b)Insurance required under this section may include federal flood coverage.

Legislative history

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