Texas § 651.152 OTHER REQUIRED CONTENTS.

Texas Statutes

§ 651.152 — OTHER REQUIRED CONTENTS.

Texas § 651.152

Code INInsurance Code

This text of Texas § 651.152 (OTHER REQUIRED CONTENTS.) 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. § 651.152 (2026).

Text

Sec. 651.152. OTHER REQUIRED CONTENTS. In addition to the items required by Section 651.151 , a premium finance agreement must contain the following, as applicable:

(1)the finance charge expressed as an annual percentage rate, using the term "annual percentage rate";

(2)the number of installments required under the agreement;

(3)the amount of each installment expressed in dollars;

(4)the due date or period of each installment;

(5)the amount or method of computing the amount of any default or delinquency charge that is payable in the event of late payment; and

(6)the method of computing any unearned portion of the finance charge in the event of prepayment of the obligation.

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Sec. 651.152. OTHER REQUIRED CONTENTS. In addition to the items required by Section 651.151 , a premium finance agreement must contain the following, as applicable:
(1) the finance charge expressed as an annual percentage rate, using the term "annual percentage rate";
(2) the number of installments required under the agreement;
(3) the amount of each installment expressed in dollars;
(4) the due date or period of each installment;
(5) the amount or method of computing the amount of any default or delinquency charge that is payable in the event of late payment; and
(6) the method of computing any unearned portion of the finance charge in the event of prepayment of the obligation.