Texas Statutes
§ 342.416 — NONFILING INSURANCE.
Texas § 342.416
JurisdictionTexas
Code FIFinance Code
This text of Texas § 342.416 (NONFILING 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. § 342.416 (2026).
Text
Sec. 342.416. NONFILING INSURANCE.
(a)Instead of charging fees for the filing, recording, and releasing of a document securing a loan to which Subchapter E applies, an authorized lender may include in the loan contract a charge for a nonfiling insurance premium.
(b)The amount of a charge under Subsection (a) may not exceed the amount of fees authorized for filing and recording an original financing statement in the standard form prescribed by the secretary of state.
(c)A lender may receive an amount authorized under this section only if the lender purchases nonfiling insurance in connection with the loan contract.
(d)A lender is not required to furnish to a borrower a policy or certificate of insurance evidencing nonfiling insurance.
SUBCHAPTER J. AUTHORIZED LENDER'S DUTIES AND AUTHORI
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Legislative History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), 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 § 342.416, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/342.416.