Texas § 3502.204 ADVERTISING OF "INSURED LOANS."

Texas Statutes

§ 3502.204 — ADVERTISING OF "INSURED LOANS."

Texas § 3502.204

Code INInsurance Code

This text of Texas § 3502.204 (ADVERTISING OF "INSURED LOANS.") 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. Insurance Code Code Ann. § 3502.204 (2026).

Text

Sec. 3502.204. ADVERTISING OF "INSURED LOANS." A bank, savings and loan association, insurer, or approved seller-servicer of the Federal National Mortgage Association, any of whose authorized real estate securities are insured by a mortgage guaranty insurer, may not state in a brochure, pamphlet, or report or any form of advertising that the real estate loans of the bank, savings and loan association, insurer, or seller-servicer are "insured loans" unless:

(1)the brochure, pamphlet, report, or advertising also:

(A)clearly states that the loans are insured by private insurers; and

(B)lists the names of the private insurers; and

(2)the insurance on the real estate loans is written by an insurer authorized to write that insurance in this state.

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Sec. 3502.204. ADVERTISING OF "INSURED LOANS." A bank, savings and loan association, insurer, or approved seller-servicer of the Federal National Mortgage Association, any of whose authorized real estate securities are insured by a mortgage guaranty insurer, may not state in a brochure, pamphlet, or report or any form of advertising that the real estate loans of the bank, savings and loan association, insurer, or seller-servicer are "insured loans" unless:
(1) the brochure, pamphlet, report, or advertising also:
(A) clearly states that the loans are insured by private insurers; and
(B) lists the names of the private insurers; and
(2) the insurance on the real estate loans is written by an insurer authorized to write that insurance in this state.