Tex. Fin. Code § 342.408 · Subchapter I. INSURANCE
FURNISHING OF INSURANCE DOCUMENT TO BORROWER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If a lender obtains insurance for which a charge is included in the loan contract, the lender, not later than the 30th day after the date on which the loan contract is executed, shall deliver, mail, or cause to be mailed to the borrower at the borrower's address specified in the contract one or more policies or certificates of insurance that clearly set forth:
(1) the amount of the premium;
(2) the kind of insurance provided;
(3) the coverage of the insurance; and
(4) all terms, including options, limitations, restrictions, and conditions, of each insurance policy.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm
- Text hash
- sha256 cbd14d196bf262e2b36d709eecc2b417a66c41bd7dd5219813295cfebf30c97d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 342.408. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.