A lender may not by any direct or indirect method require the purchase of insurance from an agent or broker designated by the lender.
Tex. Fin. Code § 342.413
REQUIRED AGENT OR BROKER PROHIBITED
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.