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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 342.410: PAYMENT FOR INSURANCE FROM LOAN PROCEEDS.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
  3. SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
  4. CHAPTER 342. CONSUMER LOANS
  5. SUBCHAPTER I. INSURANCE

A lender, including an officer, agent, or employee of the lender, who accepts insurance under this subchapter as protection for a loan:

(1) may deduct the premium or identifiable charge for the insurance from the proceeds of the loan; and

(2) shall pay the deducted amounts to the insurance company writing the insurance.

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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