Insurance that protects only the interest of the creditor is prohibited and may not be financed as part of a credit transaction.
Tex. Fin. Code § 347.210
SINGLE INTEREST POLICY PROHIBITED
Acts 1997, 75th Leg., ch. 1008, Sec. 1, 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.