Tex. Fin. Code § 342.410 · Subchapter I. INSURANCE

PAYMENT FOR INSURANCE FROM LOAN PROCEEDS.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

A lender, including an officer, agent, or employee of the lender, who accepts insurance under this subchapter as protection for a loan:

(1) may deduct the premium or identifiable charge for the insurance from the proceeds of the loan; and

(2) shall pay the deducted amounts to the insurance company writing the insurance.

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 5cb67a9b2842e732293f39ac2f827d2898589fa0fc21048553da02acba886a9e
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

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.