{"data":{"id":"us-tx/tex.-finance-code-342.410","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.410","heading":"PAYMENT FOR INSURANCE FROM LOAN PROCEEDS.","body":"A lender, including an officer, agent, or employee of the lender, who accepts insurance under this subchapter as protection for a loan:\n(1) may deduct the premium or identifiable charge for the insurance from the proceeds of the loan; and\n(2) shall pay the deducted amounts to the insurance company writing the insurance.\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), 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#342.410","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"48d097ec2831b87d1c42e3fe4961a67ab7ee78451942f21a230f37c053f53eef","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.409","next":"us-tx/tex.-finance-code-342.411"},"notice":"GroundRules: Original legal text. Not legal advice."}