Texas Statutes
§ 557.006 — INTEREST NOT REQUIRED ON INSURANCE PROCEEDS APPLIED TO REDUCE NOTE.
Texas § 557.006
JurisdictionTexas
Code INInsurance Code
This text of Texas § 557.006 (INTEREST NOT REQUIRED ON INSURANCE PROCEEDS APPLIED TO REDUCE NOTE.) 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. § 557.006 (2026).
Text
Sec. 557.006. INTEREST NOT REQUIRED ON INSURANCE PROCEEDS APPLIED TO REDUCE NOTE. A lender is not required to pay interest on insurance proceeds applied, in accordance with the terms and conditions of a deed of trust or other security agreement, to reduce a note.
SUBCHAPTER B. LIENHOLDER APPROVAL OF INSURANCE CLAIM PAYMENT RELATING TO PERSONAL PROPERTY
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Legislative History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Nearby Sections
8
§ 557.001
DEFINITIONS.§ 557.004
PAYMENT OF INTEREST; RATE.§ 557.005
ACCRUAL OF INTEREST.§ 557.051
LIENHOLDER APPROVAL OF PAYMENT.§ 557.052
CIVIL PENALTY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 557.006, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/557.006.