(a) A creditor may require a consumer to insure the property involved in a credit transaction with coverage designated by the creditor.
(b) Insurance required under this section may include federal flood coverage.
PROPERTY INSURANCE
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
(a) A creditor may require a consumer to insure the property involved in a credit transaction with coverage designated by the creditor.
(b) Insurance required under this section may include federal flood coverage.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.