Tex. Ins. Code § 556.153 · Subchapter D. DISCLOSURES
DISCLOSURE AT TIME OF LOAN APPLICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At the time a loan application is made, a depository institution shall provide to the customer a written disclosure as required by this section and Section 556.154.
(b) The disclosure must be separate from any loan application or loan document.
(c) The depository institution employee who presents the disclosure and the customer shall sign and date the disclosure.
(d) The depository institution shall maintain one copy of the disclosure in the loan file and shall provide one copy to the customer.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.556.htm
- Text hash
- sha256 83109058847ac4e15efb049cf924cac9e1e32af550fb9fc13c3d48017aaeeab1
- 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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