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Tex. Fin. Code § 347.208

CREDITOR MAY REFUSE TO ACCEPT POLICY

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff

(a) If the consumer obtains insurance required under this chapter from someone other than the creditor, the creditor is entitled for good cause to refuse to accept certain insurance policies from insurance companies designated by the creditor.

(b) On the consumer's request the creditor shall deliver to the consumer a writing that states the reason for a refusal under Subsection (a).

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.