Tex. Fin. Code Section 346.201
Insurance; Collateral

In connection with a revolving credit account, a creditor may require or take insurance subject to the provisions of Chapter 342 (Consumer Loans), relating to insurance, as if the revolving credit account were a loan contract under that chapter. A creditor may require or take real or personal property as collateral.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.55, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 887, Sec. 4, eff. Sept. 1, 2003.

Source: Section 346.201 — Insurance; Collateral, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­346.­htm#346.­201 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 346.201’s source at texas​.gov