{"data":{"id":"us-tx/tex.-finance-code-342.416","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.416","heading":"NONFILING INSURANCE.","body":"(a) Instead of charging fees for the filing, recording, and releasing of a document securing a loan to which Subchapter E applies, an authorized lender may include in the loan contract a charge for a nonfiling insurance premium.\n(b) The amount of a charge under Subsection (a) may not exceed the amount of fees authorized for filing and recording an original financing statement in the standard form prescribed by the secretary of state.\n(c) A lender may receive an amount authorized under this section only if the lender purchases nonfiling insurance in connection with the loan contract.\n(d) A lender is not required to furnish to a borrower a policy or certificate of insurance evidencing nonfiling 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#342.416","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"8e7201a8ca8e5c9c0a1979aec0067223d1cc25d38894f163e23db00dcb864d42","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.415","next":"us-tx/tex.-finance-code-342.451"},"notice":"GroundRules: Original legal text. Not legal advice."}