Tex. Fin. Code § 347.204 · Subchapter E. INSURANCE
PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT DOCUMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A consumer may:
(1) purchase any insurance authorized by this chapter after the date of the credit document; and
(2) include the amount of the insurance premium in the unpaid balance of the credit transaction.
(b) Interest accrues on the insurance premium at a rate that does not exceed the interest rate or time price differential applicable to the credit transaction on the date the insurance is purchased.
(c) The additional insurance premium and interest may be paid in any period and any number of installments to which the consumer and creditor agree.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.347.htm
- Text hash
- sha256 004b1ec8a7a514698bbb49a0d07e27dedc5986fc6527e4d1e60022f7e5c93319
- 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 § 347.204. 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.