Texas Finance Code

§ 347.206 — REQUIREMENTS FOR INSURANCE CHARGE IN CREDIT TRANSACTION

FI § 347.206Title 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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Insurance required by or included in a credit transaction 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

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