{"data":{"id":"us-tx/tex.-insurance-code-557.006","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 557.006","heading":"INTEREST NOT REQUIRED ON INSURANCE PROCEEDS APPLIED TO REDUCE NOTE.","body":"A lender is not required to pay interest on insurance proceeds applied, in accordance with the terms and conditions of a deed of trust or other security agreement, to reduce a note.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 5. PROTECTION OF CONSUMER INTERESTS","SUBTITLE C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES","CHAPTER 557. INSURED PROPERTY SUBJECT TO SECURITY INTEREST","SUBCHAPTER A. INSURANCE PROCEEDS HELD BY LENDER PENDING REPAIR OF RESIDENTIAL REAL PROPERTY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.557.htm#557.006","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"12b8bb574662be96031a912812fef4f59b9d95e2da27cf83030861ed06f8cefe","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-557.005","next":"us-tx/tex.-insurance-code-557.051"},"notice":"GroundRules: Original legal text. Not legal advice."}