Tex. Ins. Code Section 3502.106
Claim Against Residential Borrower

A mortgage guaranty insurance policy may not contain a provision that allows subrogation rights or any other claim by the insurer against the borrower for a deficiency arising from a foreclosure sale of a single-family dwelling that is occupied by the borrower as the borrower’s principal residence.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.

Source: Section 3502.106 — Claim Against Residential Borrower, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.3502.htm#3502.106 (accessed Jun. 5, 2024).

3502.001
Applicability of Chapter 3502.002
Applicability of Other Law 3502.003
Mortgage Guaranty Insurance Defined 3502.004
Authorized Real Estate Security Defined 3502.051
General Eligibility to Write Mortgage Guaranty Insurance 3502.052
Eligibility of Foreign or Alien Insurer to Write Mortgage Guaranty Insurance 3502.053
Discrimination Prohibited 3502.101
Rate Filings 3502.102
Rate Standards 3502.103
Recording and Reporting of Loss and Expense Experience and Other Data 3502.104
Policy Form Filings 3502.105
Policy Form Standards 3502.106
Claim Against Residential Borrower 3502.107
Exemption 3502.108
Rules 3502.151
Definition 3502.152
Capital and Surplus Requirements 3502.153
Unearned Premium Reserve 3502.154
Loss Reserve 3502.155
Contingency Reserve 3502.156
Outstanding Total Liability 3502.157
Limit on Insurance of Certain Loans 3502.201
Definition 3502.202
Notice of Borrower’s Right to Cancel 3502.203
Refund of Premium

Up to date

Accessed:
Jun. 5, 2024

§ 3502.106’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_3502.106

Original Source: Section 3502.106 — Claim Against Residential Borrower, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.3502.htm#3502.106 (last accessed Jun. 5, 2024).

Tex. Ins. Code Section 3502.106 Claim Against Residential Borrower

Tex. Ins. Code Section 3502.106
Claim Against Residential Borrower