Texas Insurance Code

§ 549.053 — USE OF POLICY INFORMATION

IN § 549.053Title 5. PROTECTION OF CONSUMER INTERESTS · Part C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES · Ch. 549. PROHIBITED PRACTICES RELATING TO PROPERTY INSURANCE · Art. B. PROHIBITED PRACTICES

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(a)Except as otherwise provided by this section, a lender may not:

(1)use or permit the use of any information taken from an insurance policy insuring the borrower's property for the purpose of soliciting insurance business from the borrower; or

(2)make information taken from an insurance policy insuring the borrower's property available to any other person for any purpose.

(b)Subsection (a) does not:

(1)apply if the borrower provides the lender with specific written authority permitting or directing the particular use or disclosure of information before the use or disclosure occurs; or

(2)prevent a lender who is a licensed general property and casualty agent or a personal lines property and casualty agent from selling insurance to a borrower. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005. Amended by:

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.02, eff. September 1, 2007.