Tex. Fin. Code § 346.201

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 346.201 - Insurance; Collateral

In connection with a revolving credit account, a creditor may require or take insurance subject to the provisions of Chapter 342, relating to insurance, as if the revolving credit account were a loan contract under that chapter. A creditor may require or take real or personal property as collateral.

Tex. Fin. Code § 346.201

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.55, eff. 9/1/1999; Acts 2003, 78th Leg., ch. 887, Sec. 4, eff. 9/1/2003.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.