Texas § 347.204 PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT DOCUMENT.

Texas Statutes

§ 347.204 — PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT DOCUMENT.

Texas § 347.204

Code FIFinance Code

This text of Texas § 347.204 (PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT DOCUMENT.) 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. § 347.204 (2026).

Text

Sec. 347.204. PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT DOCUMENT.

(a)A consumer may:

(1)purchase any insurance authorized by this chapter after the date of the credit document; and

(2)include the amount of the insurance premium in the unpaid balance of the credit transaction.

(b)Interest accrues on the insurance premium at a rate that does not exceed the interest rate or time price differential applicable to the credit transaction on the date the insurance is purchased.

(c)The additional insurance premium and interest may be paid in any period and any number of installments to which the consumer and creditor agree.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 347.204. PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT DOCUMENT. (a) A consumer may:
(1) purchase any insurance authorized by this chapter after the date of the credit document; and
(2) include the amount of the insurance premium in the unpaid balance of the credit transaction.
(b) Interest accrues on the insurance premium at a rate that does not exceed the interest rate or time price differential applicable to the credit transaction on the date the insurance is purchased.
(c) The additional insurance premium and interest may be paid in any period and any number of installments to which the consumer and creditor agree.