Texas Finance Code

§ 347.205 — STATEMENT FOR PURCHASE OF OPTIONAL INSURANCE

FI § 347.205Title 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 consumer who elects to purchase optional insurance must sign a statement that:

(1)indicates the consumer's election; and

(2)describes the term, premium, and type of insurance purchased.

(b)The statement may be a part of the credit document or a part of a separate document.

Legislative history

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