{"data":{"id":"us-tx/tex.-finance-code-342.402","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.402","heading":"CREDIT LIFE INSURANCE, CREDIT HEALTH AND ACCIDENT INSURANCE, OR INVOLUNTARY UNEMPLOYMENT INSURANCE.","body":"(a) On a loan made under this chapter that is subject to Subchapter E with a cash advance of $100 or more, a lender may:\n(1) offer a borrower credit life insurance and credit health and accident insurance as additional protection for the loan; and\n(2) offer involuntary unemployment insurance to the borrower at the time the loan is made.\n(b) A lender may not require that the borrower accept or provide the insurance described by Subsection (a).\n(c) On a secondary mortgage loan made under this chapter, a lender may require that a borrower provide credit life insurance and credit accident and health insurance as additional protection for the loan.\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.17, eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 342. CONSUMER LOANS","SUBCHAPTER I. INSURANCE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm#342.402","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"b44812cccbc39ab6344a1f4123b6f3a9080dd45020c470eb54ec56c2510195de","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.401","next":"us-tx/tex.-finance-code-342.4021"},"notice":"GroundRules: Original legal text. Not legal advice."}