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Home > Title 7 > Part 5 > Chapter 83 >Subchapter A > Rule 83.806
TITLE 7 - BANKING AND SECURITIES
PART 5 - OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 83 - REGULATED LENDERS AND CREDIT ACCESS BUSINESSES
SUBCHAPTER A - RULES FOR REGULATED LENDERS
SECTION/RULE §83.806 - Provision of Policy or Certificate
Chapter Review Date 02/22/2020

If a Texas Finance Code, Chapter 342 loan provides for the purchase of insurance by the borrower from the lender, the lender must furnish to the borrower, within 30 days of the date of the loan, a properly executed policy or certificate of insurance. The policy or certificate of insurance must clearly set forth:(1) the amount of the premium;(2) the kind of insurance provided;(3) the coverage of the insurance; and(4) all terms, including options, limitations, restrictions and conditions of the insurance that has been purchased.

Source Note: The provisions of this §83.806 adopted to be effective November 9, 2006, 31 TexReg 9001; amended to be effective November 4, 2010, 35 TexReg 9698.

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