Tex. Fin. Code § 347.251 · Subchapter F. PAYMENT OF INSURANCE AND TAXES
FINANCING INSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A creditor may finance as part of a credit transaction insurance:
(1) required in accordance with Section 347.201; or
(2) requested by the consumer.
(b) The cost of the insurance required under Section 347.201 may be included as a separate charge in the credit transaction.
(c) The premium of any insurance included in the credit transaction may be included in the unpaid balance of the credit transaction and paid as part of the total of payments regardless of whether the term of the insurance is less than the term of the credit transaction.
(d) A consumer and creditor may agree that the purchase of additional insurance under Section 347.204 will be:
(1) in accordance with an insurance premium financing agreement made under the Insurance Code; and
(2) separate from the credit transaction.
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 5d1dce39c9cf9ec8e6cf7880fc1f669711d17bbe8d32b69b561569b92aafd9cc
- 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
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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.