Texas § 557.051 LIENHOLDER APPROVAL OF PAYMENT.

Texas Statutes

§ 557.051 — LIENHOLDER APPROVAL OF PAYMENT.

Texas § 557.051

Code INInsurance Code

This text of Texas § 557.051 (LIENHOLDER APPROVAL OF PAYMENT.) 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. § 557.051 (2026).

Text

Sec. 557.051. LIENHOLDER APPROVAL OF PAYMENT. If payment of an insurance claim relating to personal property requires the endorsement of a check or draft by a holder of a lien on the property or otherwise requires approval of the lienholder, not later than the 14th business day after the date the lienholder receives a request for the endorsement or other approval, the lienholder shall provide:

(1)the endorsement or approval; or

(2)a written statement of the reason for denial of the endorsement or approval to the person who requested the endorsement or approval.

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Sec. 557.051. LIENHOLDER APPROVAL OF PAYMENT. If payment of an insurance claim relating to personal property requires the endorsement of a check or draft by a holder of a lien on the property or otherwise requires approval of the lienholder, not later than the 14th business day after the date the lienholder receives a request for the endorsement or other approval, the lienholder shall provide:
(1) the endorsement or approval; or
(2) a written statement of the reason for denial of the endorsement or approval to the person who requested the endorsement or approval.