Texas Statutes
§ 342.402 — CREDIT LIFE INSURANCE, CREDIT HEALTH AND ACCIDENT INSURANCE, OR INVOLUNTARY UNEMPLOYMENT INSURANCE.
Texas § 342.402
JurisdictionTexas
Code FIFinance Code
This text of Texas § 342.402 (CREDIT LIFE INSURANCE, CREDIT HEALTH AND ACCIDENT INSURANCE, OR INVOLUNTARY UNEMPLOYMENT INSURANCE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 342.402 (2026).
Text
Sec. 342.402. CREDIT LIFE INSURANCE, CREDIT HEALTH AND ACCIDENT INSURANCE, OR INVOLUNTARY UNEMPLOYMENT INSURANCE.
(a)On a loan made under this chapter that is subject to Subchapter E with a cash advance of $100 or more, a lender may:
(1)offer a borrower credit life insurance and credit health and accident insurance as additional protection for the loan; and
(2)offer involuntary unemployment insurance to the borrower at the time the loan is made.
(b)A lender may not require that the borrower accept or provide the insurance described by Subsection (a).
(c)On a secondary mortgage loan made under this chapter, a lender may require that a borrower provide credit life insurance and credit accident and health insurance as additional protection for the loan.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999; Acts 1999, 76th Leg., ch. 909, Sec. 2.17, eff. Sept. 1, 1999.
Nearby Sections
15
§ 342.001
DEFINITIONS.§ 342.002
INTEREST COMPUTATION METHODS.§ 342.003
PURCHASE FROM MORTGAGEE.§ 342.005
APPLICABILITY OF CHAPTER.§ 342.007
DEFERRED PRESENTMENT TRANSACTION.§ 342.008
ATTEMPT TO EVADE LAW.§ 342.051
LICENSE REQUIRED.§ 342.101
APPLICATION REQUIREMENTS.§ 342.102
BOND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 342.402, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/342.402.